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!
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A is now considered as a valid reflection point on this daily channel .