USOIL Elliott Wave long-term forecast (09/10/2016)
It is almost obvious, that we are finishing wave 4 of super-cycle in wave C of grand super-cycle.
Right now there is a small short-term correction, I expect good buy opportunities at 47 - 48.5 with TP1 at 55-56 and TP2 at 59-61. Additional confirmation will be after break-out of neck line of reversed head and shoulders (purple line).
I prefer to make SL at the level of 1% of assets under management, so decide this for yourself, but never forget about SL!
Right now there is a small short-term correction, I expect good buy opportunities at 47 - 48.5 with TP1 at 55-56 and TP2 at 59-61. Additional confirmation will be after break-out of neck line of reversed head and shoulders (purple line).
I prefer to make SL at the level of 1% of assets under management, so decide this for yourself, but never forget about SL!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.