USOIL understanding wave patterns

Hi Guys, Hope you are all having a great weekend. This chart shows USOIL in a daily consolidation. Looking at the structure as it is now will not give any confirmation of the end of the correction since the B wave could still be a complex pattern ,so only if we break the top and consolidate it will confirm the end of the pattern. In that case it will be a flat with a short C wave. If the B wave is complex then one more move down before the daily up impulse. For trading purpose , wait for break and consolidation to buy or one more down then buy. On lower time frame a possible sell setup if we get the one more down.

Enjoy your weekend
Thank you for your support.

评论:

评论:

评论:

If you are not in the sell wait for a flag

评论: