1305 4HPLAN USOIL waiting for confirming signal to trade
Hello traders,
USOIL has tried so hard to reach daily high and help us last signal hit 1ST TARGET. But that trade is closed now as new stop loss 66.5 hit already. That signal was tried to buy with the idea that USOIL would break through the daily high level and retest after. But USOIL only retest that level and be rejected from there.
So check on 4h chart inside the channel that is still looking valid, you could find out a broken trend line for last impulse leg (5TH WAVE). This is a good sign for sellers too. So today’s plan on USOIL is waiting for a entry confirming signal to open sell till next daily support. USOIL is very possible to make a daily sideways between 58-67. This range is enough for 4h chart players to buy and sell .
Good luck on this selling plan on daily chart.
LESS IS MORE!
USOIL has tried so hard to reach daily high and help us last signal hit 1ST TARGET. But that trade is closed now as new stop loss 66.5 hit already. That signal was tried to buy with the idea that USOIL would break through the daily high level and retest after. But USOIL only retest that level and be rejected from there.
So check on 4h chart inside the channel that is still looking valid, you could find out a broken trend line for last impulse leg (5TH WAVE). This is a good sign for sellers too. So today’s plan on USOIL is waiting for a entry confirming signal to open sell till next daily support. USOIL is very possible to make a daily sideways between 58-67. This range is enough for 4h chart players to buy and sell .
Good luck on this selling plan on daily chart.
LESS IS MORE!
Our last signal closed with TP1 hit.