USO to 50 - USOIL

Actualizado
Head and shoulders on USO (proxy for USOIL) says 50 is the target. After creating a strong head and shoulders pattern, we came back slightly above the neckline - typical overshoot. Now we're making our way down again. Bounce in oil is likely over. This idea is incorrect if we get over 81.
Nota
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Chart PatternsTechnical IndicatorsUSOCrude Oil WTIWave Analysis

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