USOIL - Bearish Connective Wave Completing ?
USOIL
Looks like this is a bearish connective wave completing here and it will have another wave down.
It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends.
If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit the long term 2018 support.
It might just be about to turn quite bearish here.
I'll look at this more in the next video later today 👍.
Not advice
Looks like this is a bearish connective wave completing here and it will have another wave down.
It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends.
If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit the long term 2018 support.
It might just be about to turn quite bearish here.
I'll look at this more in the next video later today 👍.
Not advice
Comment:
Press Play 😼
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Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35