USOIL LONG (short term)

2023年1月24日

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

2023年1月24日

交易進行

Trade active

2023年1月30日

交易結束：達到停損點

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.