USOIL has been very bearish. Despite falling more than 50% in a matter of months, it has failed to produce a significant bounce. now it has produced a clear corrective count where we expected a three wave correction. A 3-3-5 running flat is where wave B exceeds wave A before wave C. Wave C must be a five wave move. In this place we have a 3-3-3-3-3 ending diagonal in great form.
This is a great trade because it is on a reliable time frame, and ending diagonals are easy to trade. breakig down the lower trend line should result in a violent cascade toward the base at least, meaning new lows. Its a great R/R ratio with a stoploss above local highs.
This is a great trade because it is on a reliable time frame, and ending diagonals are easy to trade. breakig down the lower trend line should result in a violent cascade toward the base at least, meaning new lows. Its a great R/R ratio with a stoploss above local highs.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.