USOIL - Nearing the End of the Trend - OIL Collapse Ahead
After OIL hits the $80 area and 5 waves up since 2016 are complete prices should collapse to around $15.
The rule of alternation means waves 2 and 4 are different in complexity.
Wave 3 slopes more than wave 1 which means that there is a lot of downside pressure and is only acceptable because this is a corrective wave.
Wait for a break of the trend line before confirming that this is the case.
The rule of alternation means waves 2 and 4 are different in complexity.
Wave 3 slopes more than wave 1 which means that there is a lot of downside pressure and is only acceptable because this is a corrective wave.
Wait for a break of the trend line before confirming that this is the case.
