USOIL looks to have created a short term low just below 7300. Im now looking at a rally so watching this PB going into Monday for a potential move back up towards 78-80.
Watching for 7400-7480 on Monday to hold for the next move higher.
Enjoy the week. More updates coming.
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It didn't quite make the PB I was looking for yesterday and has now rallied up to the 382. Same scenario now, watching for an ABCD PB to get the next move higher into the 80+ area.
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The higher this first move goes the deeper the PB and the bigger the next move which could be bullish.. Waiting for a top.
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Possible top in place. Now watching for the next move.
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After a 900+ point run with minimal retracements we have hit the 61.8% level and started to reverse. We should see more downside this week before rallying again. Watching a PB to short.
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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.