USOIL: 60.48 later as the end of the five-wave trend
Traders,
USOIL is expected to hit 60 plus later.
But before that, as the chart shows,
Fibo 2.0 of the light blue wave is now pulling price down
a little be. As long as the trend line is still valid, 60plus is
following up.
60.48 also is FIBO 2.0 of the purple wave where price will
be pulled down again. Its a high possibility that price is
going to have a deeper correction at 60.48, becoz that is
also the end of the five-wave trend.
Less is more!
USOIL is expected to hit 60 plus later.
But before that, as the chart shows,
Fibo 2.0 of the light blue wave is now pulling price down
a little be. As long as the trend line is still valid, 60plus is
following up.
60.48 also is FIBO 2.0 of the purple wave where price will
be pulled down again. Its a high possibility that price is
going to have a deeper correction at 60.48, becoz that is
also the end of the five-wave trend.
Less is more!
Comment:
Comment:
we have tp1 hit by entering a long trade at 57.5, making 130 pips.
Trade closed: target reached
Comment:
tp1
58.8 hit with 130 pips.
58.8 hit with 130 pips.
