Description
⋅ TVC:USOIL
I have identified two price targets.
Naturally, the T2 depends on T1.
T2 IS invalidated if Price breaks above 76.88.
Both are pretty wide at this time and will be narrowed up with future price action.
I have no timeline for these price targets. It could be years. Trade active
⋅ Not shown on the chart is a .618 Fib retracement level at $45.40.
With this price breakdown, we could test that level.
Trade active
⋅ T1 target hit.
Trade active
⋅ T2 Target hit