AMEX:USO   UNITED STATES OIL FUND
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Near-term possibilities outlined in Elliott Waves on the chart. See previous ideas for more info.

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nick.holland78
USO - 30m
nick.holland78 PRO about USO 2 8 months ago
nick.holland78
USO - 30m
nick.holland78 PRO about USO 1 8 months ago
Updated view since immediately bearish potential invalidated. Price could keep moving up into the heart of the wave (ii) box, making this all of wave (ii). An impulsive move up - holding support on all retraces - would have me rethinking the possibility of the white count, or even the possibility this pullback was an alternative wave (iv) in an expanded diagonal with white minute wave i yet to complete.
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