Hello there!
USoil broke above the low of proposed wave 1 invalidating the previous daily chart count.
It also broke above the white resistance line.
We are in historic moment of possible dramatic change of the market.
If we really finished - then get ready for a long move upside (green lines).
Another option is that we just finished subwave (a) and now in correction before another drop down, the final one! (red lines)
Your feedback/opinion is much appreciated!
Best!
USoil broke above the low of proposed wave 1 invalidating the previous daily chart count.
It also broke above the white resistance line.
We are in historic moment of possible dramatic change of the market.
If we really finished - then get ready for a long move upside (green lines).
Another option is that we just finished subwave (a) and now in correction before another drop down, the final one! (red lines)
Your feedback/opinion is much appreciated!
Best!
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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.