USOIL : Bearish. First target likely to be 50$

2018年11月1日

Hi guys,

Im Simon, amator TA in crypto sphere. Some call me seasoned expert. Anyway, Im exporting what Ive learn from Elliot Wave Theory to other market than cryptocurrency. I did some training on DJI with successful streaks of calls. See here :

Otherwise, im 99% TA in crypto.
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I project USOIL to retrace to 50$ on the mid term since weekly has bearish divergence.

Monthly is the ugliest, horrific of all time frame with monstruous imminent bearish MACD-signal crossover with plently of space on RSI to give a good retracement that underline a continuation of the bearish trend with a sustained contracting histogram with a LH and LL in bonus (WXYXZ) :



I do not read any news about oil price fundamentals or do not hold any stocks of USOIL. My goal here is simply give my factual perspective via my knowledge of Elliot Wave Theory

2018年11月22日

交易進行

first target (50$) almost reached

2018年12月13日

交易結束：目標達成

perfect target reached. called 50. ended at 49.75 :



Lets go to next target

2018年12月13日

註釋

Y can be 20$ too

2018年12月13日

註釋

Normally Z is a LL but can be a HL :

2019年1月14日

交易進行

we are seeing the bounce for (X)

2019年1月24日

交易進行

still valid. i expect the bounce to not go above 58$

2020年2月29日

交易進行

a 2 years projection and still accurate

2020年3月18日

交易結束：目標達成

Nov. 1 2018 target reached