Trying to target USOIL. Sooner or later the trade must end, trying to determine a top is tough. I see 2 scenarios. On the attached chart. EW 1-5 is clear with a target of $53.43. Also, I can see a smaller 12345 within current wave 3 (green dotted lines) which would have a top at $49.11. I'm leaning for both to be correct. a pullback shortly wiithin the red resistance zone, then a push higher to (5). That would also make a completion for the current move and AB=CD continuation to (5). Either way, OIL goes higher.
註釋
Get ready for the pullback in the resistance zone, 1/2 cycle low. Then another strong move higher.註釋
Bull Flag forming. We expected this consolidation. Hang in there交易進行
Bull flag should be complete here and ready to start moving higher towards $54.註釋
Consolidation complete and moving above the resistance zone. Should run strong when the dollar drops. Trade still on
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