USOIL Road-Map for $10 Upmove
As shown in the chart ,
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil