Fomenka

USOIL Chart Repair 🔭🛠️ Medium Term

Fomenka Updated   
TVC:USOIL   CFDs on WTI Crude Oil
I was pointed by my mentor to the area in red where I had a major inconsistency in my count and had to rekindle the whole thing. As it often happens when you recycle the big picture the count now looks even more balanced. A word of caution here - my mentor is not in favour of simple zigzag made of contracting and expanding diagonals and is expecting further sideways movement. I am up for a more simple form and expect the price to start slipping to $50s without any further delay.
Order cancelled:
The expanding diagonal is inadequate and incorrect. Will post an update

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