0709 USOIL might not reach FIBO 1.27 before...
Hello traders,
USOIL is bullish still in my last 4H idea,
In last idea, it was expecting a ABC wave up to make a new high to FIBO 1.27 WEEKLY.
Seems it did make a RALLY up after finishing AB wave, but no new high.
In such a situation, it is really reasonable to check it again on 4H chart today. It is possible for USOIL to make a double top and going to make a wide sideways price action. And follow the small uptrend channel to sell to break the bottom line is possible. A retest of the bottom line of the channel would be a good chance to open sell.
85-86 is the support zone or target zone.
GOOD LUCK!!!
LESS IS MORE!
USOIL is bullish still in my last 4H idea,
In last idea, it was expecting a ABC wave up to make a new high to FIBO 1.27 WEEKLY.
Seems it did make a RALLY up after finishing AB wave, but no new high.
In such a situation, it is really reasonable to check it again on 4H chart today. It is possible for USOIL to make a double top and going to make a wide sideways price action. And follow the small uptrend channel to sell to break the bottom line is possible. A retest of the bottom line of the channel would be a good chance to open sell.
85-86 is the support zone or target zone.
GOOD LUCK!!!
LESS IS MORE!
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