0206 P4/8 USOIL technically possible for it to test 48 soon
USOIL has a strong bear swing on weekly chart now.
Rember that 1st super grand super impulse wave last year that pull it down to 42 from 76 in 2 months.
USOIL took 4 months to recover 61.8% and turn down again.
Thats fibo 618 corrective grand super impulse corrective wave. Now its turning down for its 3rd grand super impulse wave.
48 is technically possible to reach first.
Then 43 and lower low.
Plan to short it next week to follow this main trend.
LESS IS MORE!
Rember that 1st super grand super impulse wave last year that pull it down to 42 from 76 in 2 months.
USOIL took 4 months to recover 61.8% and turn down again.
Thats fibo 618 corrective grand super impulse corrective wave. Now its turning down for its 3rd grand super impulse wave.
48 is technically possible to reach first.
Then 43 and lower low.
Plan to short it next week to follow this main trend.
LESS IS MORE!
