Spent my time today to decode counts of the previous years in USOIL. My conclusion is that we are in WXY pattern which shall end at $20 somewhere by the end of the next year 2020. This will be the basis for shorter-term trades.
Oil is very interesting to analyse. Many scars and missed expectations.
Oil is very interesting to analyse. Many scars and missed expectations.
Note
sorry $20 by end of 2021, not 2020.
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.
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.