Hi
Have you ever checked your chart in monthly timeframe ??
Do it if you dont.
Have you ever checked your charts in Line Mode ???
Do it if you dont.
This chart (USOIL) is saying some useful information just if you change it in line mode and go to monthly time frame.
USOIL has completed its 5 waves impulse in 142.43 price ATH and then started
a bearish correction to the lowest price 19.34 and we have to wait and see if this low
is the end of wave 2 or correction will continue.
What I wanted to say in this chart is not about USOIL detailed movements but
I decided to show you 3 important points that mostly ignored.
1 - Elliott wave method can beautifully say you what will happen in the future.
2 - Zoom out your chart and go to the past of it in large timeframes and become surprised.
3 - Do not forget to check your charts in Line mode because its data is out of EMOTIONS.
Thanks
Have you ever checked your chart in monthly timeframe ??
Do it if you dont.
Have you ever checked your charts in Line Mode ???
Do it if you dont.
This chart (USOIL) is saying some useful information just if you change it in line mode and go to monthly time frame.
USOIL has completed its 5 waves impulse in 142.43 price ATH and then started
a bearish correction to the lowest price 19.34 and we have to wait and see if this low
is the end of wave 2 or correction will continue.
What I wanted to say in this chart is not about USOIL detailed movements but
I decided to show you 3 important points that mostly ignored.
1 - Elliott wave method can beautifully say you what will happen in the future.
2 - Zoom out your chart and go to the past of it in large timeframes and become surprised.
3 - Do not forget to check your charts in Line mode because its data is out of EMOTIONS.
Thanks