Hello Traders!
After so rapid falling on Tuesday there are a lot of scenarios available.
While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle.
If price crosses 92.92 – wave (IV) will be active.
And also, it' s possible, that wave (IV) have already done.
Now I paused USOIL trading until my vision is clear. Will continue to observe and to look for consecutive impulse-zigzag patterns.
After so rapid falling on Tuesday there are a lot of scenarios available.
While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle.
If price crosses 92.92 – wave (IV) will be active.
And also, it' s possible, that wave (IV) have already done.
Now I paused USOIL trading until my vision is clear. Will continue to observe and to look for consecutive impulse-zigzag patterns.