Hello traders!
The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)).
So, there are a lot of markup options here.
As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue).
Small downtrend impulse and correction just also present.
On Monday I will be ready to open short position at the market opening. Of course, if there will not be a significant gap.
Have a nice week! And profitable trading!
The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)).
So, there are a lot of markup options here.
As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue).
Small downtrend impulse and correction just also present.
On Monday I will be ready to open short position at the market opening. Of course, if there will not be a significant gap.
Have a nice week! And profitable trading!