As shown in the chart. I think the USOIL has created an extension instead of a 5 waves run. In other words, I am confident that there is going to be at least another bull run before more downside. I added at 25.27, which was where wave 1 reached. I am patiently waiting for oil to rebound to 27 again, and will close 75% of my long position at that level.
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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.