USOIL Elliott ascending horiz. triangular with false breakout
This is what I see on the chart. Elliott ascending horizontal triangular with false breakout ending.
correct me if i'm wrong, but this might be a nice opportunity for shorting oil 0.90% .
Although this prediction ignores FIB level (.382) of around 60-61 usd.
This might be a second version of the false breakout.
But I will stick with a sharp Short with first target of 40 usd
correct me if i'm wrong, but this might be a nice opportunity for shorting oil 0.90% .
Although this prediction ignores FIB level (.382) of around 60-61 usd.
This might be a second version of the false breakout.
But I will stick with a sharp Short with first target of 40 usd
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.