🛢️📊 US Oil – Impulse & Correction Update
🔹 After hitting a low of $79 on 17 Apr, USOIL started a new impulsive cycle and completed its 5‑wave rally on 30 Apr with a high of $110 🚀💹.
📉 Correction Phase:
• A wave: Confirmed with a low of $99 ⚡
• B wave: Retraced less than 61.8%, forming a Zig‑Zag correction 🔄
• C wave: Fell sharply, completed on 7 May with a low of $90 🐻📉
📈 New Cycle:
Now USOIL has started its next impulsive cycle and is continuing in the 3rd wave of higher degree 💥.
👉 Price is expected to rise sharply and could hit $120 within this week 🚀🔥💰.
🔹 After hitting a low of $79 on 17 Apr, USOIL started a new impulsive cycle and completed its 5‑wave rally on 30 Apr with a high of $110 🚀💹.
📉 Correction Phase:
• A wave: Confirmed with a low of $99 ⚡
• B wave: Retraced less than 61.8%, forming a Zig‑Zag correction 🔄
• C wave: Fell sharply, completed on 7 May with a low of $90 🐻📉
📈 New Cycle:
Now USOIL has started its next impulsive cycle and is continuing in the 3rd wave of higher degree 💥.
👉 Price is expected to rise sharply and could hit $120 within this week 🚀🔥💰.
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Related publications
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.