USOIL LONG (short term)

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It looks like USOIL is preparing to complete it's two month long correction phase. The pattern in question seems to be a zig-zag correction pattern tha consists of a 5 wave to form (a), 3 waves to form (b), and 5 final waves to complete (c).

I will be looking to ride wave 5 that will complete wave (c) and then start looking for longer term short opportunities.


Target: 84.400

Stay tuned below for trade progression updates
交易進行
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Trade active
交易結束:達到停損點
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Partials taken and the rest were closed at break even. The move to the SL indicates an invalidation in the structure and a possible change in direction entirely.
Chart PatternsTrend AnalysisWave Analysis

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