Last week, USOIL did not break through the weekly structure. Does it mean this smile curve fail?
Not exactly, it looks like a longer time and wider space for USOIL to sideway move in at the bottom. Check this left weekly chart for details.
In the 4H right chart, USOIL is making a bearish 4H top again, so it could be safer to follow this 4H bear swing first. And then find a new opportunity to buy from the bottom again.
GOOD LUCK ON THIS WEEKLY PLAN. LESS IS MORE!
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How about this plan that we kept talking last week. And will this breaking through happen at the end of Feb?