This is a try at USOIL pullback formation. The 4th corrective wave is seemingly approaching its final leg down.
Note
Settlement higher than 6250 invalidates the setup and opens up 200+ ticks of upside.
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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.