USOIL - Oil Is Bottoming
Updated
In terms of ratio this area has been all about whether the 0.786 overshoot ratio could hold.
And although it was briefly breached it has held very well between 0.618 and 0.786 band.
Since the start of the year it has been printing a contraction pattern and it is just starting to look like it may break up here.
It may also slump back to extend correction and that is fine so long as the 0.786 isn't significantly breached.
If this area holds then it could well be a market bottom and I'll be looking for much higher highs before.
I am long in this area.
Not advice.
And although it was briefly breached it has held very well between 0.618 and 0.786 band.
Since the start of the year it has been printing a contraction pattern and it is just starting to look like it may break up here.
It may also slump back to extend correction and that is fine so long as the 0.786 isn't significantly breached.
If this area holds then it could well be a market bottom and I'll be looking for much higher highs before.
I am long in this area.
Not advice.
Note
Note
This could pop at any moment and will prove to be a MAJOR low.Note
Up we go. 
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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