USOIL - Three Drives Pattern potential, Back to $44 and maybe 38

I believe USOIL is going back to $44 and then to $38 is very possible by sometime in July to August. Just an idea.

Note

Moving down like it should. Was hoping it would go slowly. Was going to buy another leg down. Need to wait for another pullback

Note

Here is the current channel blown-up compared to my chart

Note

Looks like one more leg down and then watch for reversal

Note

Leg down continued to bottom of the trend. Nice move if you are still holding from around $50

Note

updated channel chart

Trade fermée: cible de profit atteinte

T1 reached, $44, now we watch and see if it continues trend or works it's way back up following the trend to the upside

Note

Updated chart, added some more information

psulion08

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.

psulion08