Traders,
Considering that ABC wave is the reason on daily chart that USOIL hit 67.84(fibo 1.618).
This is a possible reflection point going to appear.
But what will happen if this assumed point does not appear?
Then a sharper steeper channel will follow up.
Our point is that usoil could touch 73.19 in March with or without a corrective wave inside or outside the channel.
I hope I am making my explanation clear.
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Less is more!
Considering that ABC wave is the reason on daily chart that USOIL hit 67.84(fibo 1.618).
This is a possible reflection point going to appear.
But what will happen if this assumed point does not appear?
Then a sharper steeper channel will follow up.
Our point is that usoil could touch 73.19 in March with or without a corrective wave inside or outside the channel.
I hope I am making my explanation clear.
Chinese New Year Subscription is on now, go to our web to check it.
Less is more!
Comment:
A is now considered as a valid reflection point on this daily channel .
Comment:
Comment:
the reflection point on the channel is valid.
