USOIL : Bearish. First target likely to be 50$

Hi guys,

Im Simon, amator TA in crypto sphere. Some call me seasoned expert. Anyway, Im exporting what Ive learn from Elliot Wave Theory to other market than cryptocurrency. I did some training on DJI with successful streaks of calls. See here :

Otherwise, im 99% TA in crypto.
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I project USOIL to retrace to 50$ on the mid term since weekly has bearish divergence.

Monthly is the ugliest, horrific of all time frame with monstruous imminent bearish MACD-signal crossover with plently of space on RSI to give a good retracement that underline a continuation of the bearish trend with a sustained contracting histogram with a LH and LL in bonus (WXYXZ) :

I do not read any news about oil price fundamentals or do not hold any stocks of USOIL. My goal here is simply give my factual perspective via my knowledge of Elliot Wave Theory

Transaction en cours:

first target (50$) almost reached

Trade fermée: cible de profit atteinte:

perfect target reached. called 50. ended at 49.75 :

Lets go to next target

Commentaire:

Y can be 20$ too

Commentaire:

Normally Z is a LL but can be a HL :

Transaction en cours:

we are seeing the bounce for (X)

Transaction en cours:

still valid. i expect the bounce to not go above 58$

Transaction en cours:

a 2 years projection and still accurate

Trade fermée: cible de profit atteinte:

Nov. 1 2018 target reached