USOIL understanding wave patterns

11 feb 2017

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.

21 feb 2017

Nota

22 feb 2017

Nota

28 feb 2017

Nota

If you are not in the sell wait for a flag

9 mar 2017

Nota