UKOIL is having an extended fifth wave, and were in the fifth wave of the smaller wave as well.
In the smaller wave , wave 3 was shorter than wave , so wave 5 should be even smaller.
I think its a good opportunity to go short, with stop loss set at the same height of wave 3, from start of wave 5
Target would be 0.5 of the larger wave which is also conservative in my view
In the smaller wave , wave 3 was shorter than wave , so wave 5 should be even smaller.
I think its a good opportunity to go short, with stop loss set at the same height of wave 3, from start of wave 5
Target would be 0.5 of the larger wave which is also conservative in my view
Trade closed: stop reached:
Stopped reached, the fifth wave is not over yet