USOIL - One Potential Path - Neutral Triangle
Hey,
Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility).
The pattern shown here is a Neautral Triangle for Wave-2.
We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the MASSIVE ascent that will be Wave-3 (World War III...?).
Other possible patterns that I am considering are:
-Currently in a zigzag, getting very close to beginning Wave-5, which I would guess would take us to ~$20 by year end.
-Currently we are in Wave-B of Wave-B of a flat that makes up Wave-2. This would allow us to rech the ATH again, possibly break it, but would require us to complete a downwards Wave-C, which would be painfully long (2040-2050 likely before it completes).
Not sure which is most likely, but all are possible right now I believe.
Not trading advice.
Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility).
The pattern shown here is a Neautral Triangle for Wave-2.
We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the MASSIVE ascent that will be Wave-3 (World War III...?).
Other possible patterns that I am considering are:
-Currently in a zigzag, getting very close to beginning Wave-5, which I would guess would take us to ~$20 by year end.
-Currently we are in Wave-B of Wave-B of a flat that makes up Wave-2. This would allow us to rech the ATH again, possibly break it, but would require us to complete a downwards Wave-C, which would be painfully long (2040-2050 likely before it completes).
Not sure which is most likely, but all are possible right now I believe.
Not trading advice.
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