cajimbi
Long

The Bounce of Oil

FX:USOIL   Crude Oil (WTI)
322 0 2
Oil             seems to be completing its corrective wave B and is now looking to bounce for wave C of the correction.

My OTE             is at S1 around 48.15, however I will enter on evidence of a notable bounce.

The target for this trade is 68.50, which would result in the length of wave 3 equalling the length of wave A; and my stop loss is just under S3.
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