14 0
USO turned down at 10.80, hitting the 38.2% retrace to the penny in presumed wave (y) of iv (shown in green). Negative divergence does not necessarily prefer the bearish (green) interpretation over the bullish (white) one as such divergence would be expected into either 3-wave high.
Price recently broken through initial support and may be forming an impulse to new all-time lows (as reflected in the red count). Hitting the target box, bouncing correctively in wave ii, then falling below the wave i low would increase confidence in this count.
Disclaimer: I'm short from last week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out