USOIL - 4H - Inside Key zone

7 apr 2016

We are currently on the edge. the question is: B wave or one more impulse down?

If we can make new highs above the box, this will mean most certainly the confirmation of the B wave. try to look for shorts in the area of the B.
if we can however make new lows below the white box then i think another impulse down is likly.

note: another impulse down first would ofc. mean alot more time spend in this ABC correction while a confirmation of the B wave would mean the ABC would be finished alot faster thought this year.

7 apr 2016

Nota

Note: whitebox ranges from 3735 to 3830
if you need a reason to go short below the decession zone. you could take this head and shoulders pattern
if you need a reason to go short at the B point you can take this shark pattern PRZ right at the 618 retracement.