USOIL is suffering a severe pullback. Dropping form a high at $51.43 its now at $46.43. I had originally had the 12345 going up to $60. I am now thinking we had the 12345 complete at $51.43 and are now going through a ABC correction. If A and C are equal we could go as low as $44.57. If we get a double bottom here it could be over.
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.