Hey,
Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility).
The pattern shown here is a Neautral Triangle for Wave-2.
We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the MASSIVE ascent that will be Wave-3 (World War III...?).
Other possible patterns that I am considering are:
-Currently in a zigzag, getting very close to beginning Wave-5, which I would guess would take us to ~$20 by year end.
-Currently we are in Wave-B of Wave-B of a flat that makes up Wave-2. This would allow us to rech the ATH again, possibly break it, but would require us to complete a downwards Wave-C, which would be painfully long (2040-2050 likely before it completes).
Not sure which is most likely, but all are possible right now I believe.
Not trading advice.
Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility).
The pattern shown here is a Neautral Triangle for Wave-2.
We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the MASSIVE ascent that will be Wave-3 (World War III...?).
Other possible patterns that I am considering are:
-Currently in a zigzag, getting very close to beginning Wave-5, which I would guess would take us to ~$20 by year end.
-Currently we are in Wave-B of Wave-B of a flat that makes up Wave-2. This would allow us to rech the ATH again, possibly break it, but would require us to complete a downwards Wave-C, which would be painfully long (2040-2050 likely before it completes).
Not sure which is most likely, but all are possible right now I believe.
Not trading advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.