I'm back with another 5-0 pattern but this time on the 4h timeframe with USOIL.
This pattern is about to complete and I'll be ready to enter this week coming, the 50% retracement is a solid resistance level providing us with an excellent entry point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I've got plenty more analysis on the way this week, keep supporting and stay tuned!
This pattern is about to complete and I'll be ready to enter this week coming, the 50% retracement is a solid resistance level providing us with an excellent entry point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I've got plenty more analysis on the way this week, keep supporting and stay tuned!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
