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peterdcharlebois
Jan 13, 2022 4:36 AM

USOIL - Up and up it goes - Still looking for a short. 

Crude Oil (WTI)FXCM

Description

We are way past a normal retracement zone. BUT B waves in a strong market can do that. Even surpass the upper high. But not usually by much. And this could also be a new wave 5 up. Suffice to say, still waiting for a confirming down-trend to short.
Comments
Adeljanahi
Were should the first target be ?
peterdcharlebois
@Adeljanahi, If a reasonable turn takes place forming a double top and a drop happens, then I see this as possibly a flat correction. So I would think around 65.
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