USOIL On The DownTrend

Bear with me everyone, I am learning some new things to get a better understanding and easier ways to spot good targets. For this new strategy using elliott's wave theory we will be aiming for each wave as a target. This will be deemed a neutral approach because there are long and short opportunities in itself.
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CTF - USOIL
Chart timeframe - 4hr
Area of interest - 52 , 43
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Trade Safe everyone!

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Trade active:

Aiming for Wave one at 47.93

Comment:

Testing 200MA on daily