WTI hit $ 55 target, now what? USOIL 15min study of the bounce

2018年11月15日

This is a follow up to my previous plan calling for $55 bottom:

Target was hit but where is the bounce?
This idea is a microscopic study of the bounce (if it is to happen).
If price hits the 4.236 extension before going ANY lower, then there is a chance 55 was the bottom.
Let see what happens over the last 2 days of the week....

Background:
My study of Oil began in May 2018, when I called for $80 as the target/top

As for Sept 2018, I was looking for a strong dip

Once the dive started, I was looking for $ 55 as a possible bottom:

And that price has been hit, so the current idea is a study of a possible bottom, and how to gauge strength of the bounce

2018年11月16日

註釋

Update: Price has hit the 2.618 again and pierced a bit. But not looking very impressive yet

2018年11月16日

註釋

Oil has breached the critical 2.236 and trying to hold. Still need to break the 2.618 to show true bulls signs