USOIL Elliott ascending horiz. triangular with false breakout
This is what I see on the chart. Elliott ascending horizontal triangular with false breakout ending.
correct me if i'm wrong, but this might be a nice opportunity for shorting oil 0.90% .
Although this prediction ignores FIB level (.382) of around 60-61 usd.
This might be a second version of the false breakout.
But I will stick with a sharp Short with first target of 40 usd
correct me if i'm wrong, but this might be a nice opportunity for shorting oil 0.90% .
Although this prediction ignores FIB level (.382) of around 60-61 usd.
This might be a second version of the false breakout.
But I will stick with a sharp Short with first target of 40 usd
