I expect USOIL to correct sooner than later.
My plan is to wait a little for the price to retrace to the 0.764 fib level around 53.3. This level also correspond to the 100% fib extension of the minor retracement price structure, which will complete an AB=CD pattern.
Entry: 53.3
Stop: 54.6
Target: 48.17
Risk ratio: 3/1
My plan is to wait a little for the price to retrace to the 0.764 fib level around 53.3. This level also correspond to the 100% fib extension of the minor retracement price structure, which will complete an AB=CD pattern.
Entry: 53.3
Stop: 54.6
Target: 48.17
Risk ratio: 3/1