I'm back with another 5-0 pattern but this time on the 4h timeframe with USOIL.
This pattern is about to complete and I'll be ready to enter this week coming, the 50% retracement is a solid resistance level providing us with an excellent entry point.
The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
I've got plenty more analysis on the way this week, keep supporting and stay tuned!