USOIL - Support Broken - My Thoughts On What Comes Next...
Due to the previous long trade idea being invalidated I had a long hard think about the overall pattern.
I once again have to lean towards the idea that the pattern since 2008 has not completed yet.
Not quite the same idea I had previously but one that suggests that this latest move up is a completed Wave C.
Whether or not you understand exactly how AriasWave works, the point is that the move up since last year looks complete.
I have personally already shorted this market due to ideas mentioned in this video but not saying you should.
One thing I forgot to mention is the tweezer top candle pattern on the daily chart.
Apart from that I expect lower prices from this point.
See the previous long trade idea which was invalidated below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
I once again have to lean towards the idea that the pattern since 2008 has not completed yet.
Not quite the same idea I had previously but one that suggests that this latest move up is a completed Wave C.
Whether or not you understand exactly how AriasWave works, the point is that the move up since last year looks complete.
I have personally already shorted this market due to ideas mentioned in this video but not saying you should.
One thing I forgot to mention is the tweezer top candle pattern on the daily chart.
Apart from that I expect lower prices from this point.
See the previous long trade idea which was invalidated below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
