After hitting all 3 targets on USOIL trade set up since $70 and all look set and done for USOIL the new data is telling us that may yet be the case!
Now holding onto that $100 support, making a higher low and pivoting on that old supply line while showing bullish convergence on the oscillators we could still be in for higher prices!
Here i identify a possible Bearish Gartley Harmonic that has a PCZ of $122.06 on the daily chart and per my post previously on USOIL on the 4hr chart a smaller wave structure bearish bat harmonic that has a PCZ of $114.72
Now holding onto that $100 support, making a higher low and pivoting on that old supply line while showing bullish convergence on the oscillators we could still be in for higher prices!
Here i identify a possible Bearish Gartley Harmonic that has a PCZ of $122.06 on the daily chart and per my post previously on USOIL on the 4hr chart a smaller wave structure bearish bat harmonic that has a PCZ of $114.72