We BOUGHT USOil
back on Sep 1st and our members are now up +413 pips so far and still looking for more! BUT as you can see on the chart, I'm NOT completely BULLISH
just yet. From the chart, you can see that I am expecting that prices will hit $48 and then may reverse and retrace. MAYBE. In either case, my members and I will be pocketing almost +500 pips on this trade. For 8-9 days of patiently sitting and waiting after pulling the trigger on a BUY, even with just 1 FULL Lot on this trade, well, you can figure out the profit! IF...and that is a BIG IF, it does follow my projections here, we'll be looking at another very nice trade back down.
This POSSIBLE Bat (C point is NOT set yet and cannot be a POTENTIAL Bat until we see that C point confirmed) would more or less be a good guide as to how far this retrace might go. Remember, overall, I am VERY BULLISH
and see it headed towards $70 - $80 if not higher in the future..if not the NEAR future. My LONG TERM analysis on my website shows this. But for now, Oil
could be "wandering in the desert" for awhile.