Expect USOIL to make a down move in the next coming weeks to complete the bigger corrective structure, we will be waiting for this down move to complete and then will look for buys at cheaper price. If you want to sell it make sure to take profit at short intervals. Once this down move is over it will go back up very sharp.
Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.
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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...