3105 USOIL could reach 73 in the near coming ?
Hello traders,
USOIL is making a smiling curve on weekly chart, check the left one. This means in a long term view, OIL will rise again.
But right now on 6H right chart, in the middle term view, it could reach 73 first to finish a five-wave downtrend to reach the support level or buying zone.
The triangle with the mouth open is an oscillating pattern. When the price touches the suppression line above the triangle, it is time to go short. Fibo ext 1.618 is where it will possible reach as the end of 5th wave.
GOOD LUCK!
LESS IS MORE!
USOIL is making a smiling curve on weekly chart, check the left one. This means in a long term view, OIL will rise again.
But right now on 6H right chart, in the middle term view, it could reach 73 first to finish a five-wave downtrend to reach the support level or buying zone.
The triangle with the mouth open is an oscillating pattern. When the price touches the suppression line above the triangle, it is time to go short. Fibo ext 1.618 is where it will possible reach as the end of 5th wave.
GOOD LUCK!
LESS IS MORE!
Trade closed: target reached
Comment:
Resting line before.
Resting line before.
专注黄金和原油
直接扫码入群：
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Focusing on COMMODITY GOLD N OIL
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Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
直接扫码入群：
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
Or waiting for a reversal?