USOIL - Tracking Minor Waves - Blue Wave ii Looks Complete
Please see my introduction to USOIL idea linked below to see the bigger picture.
We are looking for 5 Waves down so lets keep this short on until we see the full 5 Waves done.
So now looking at the Wave E in Wave ii, a break of the wave iv low of 40.06 should be primary confirmation that a reversal is taking place.
The most important confirmation is a break of the magenta line. This will confirm Wave E completed at the high.
Stop: 41.60 or above.
Entry: At Market or Wait for Confirmation.
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We are looking for 5 Waves down so lets keep this short on until we see the full 5 Waves done.
So now looking at the Wave E in Wave ii, a break of the wave iv low of 40.06 should be primary confirmation that a reversal is taking place.
The most important confirmation is a break of the magenta line. This will confirm Wave E completed at the high.
Stop: 41.60 or above.
Entry: At Market or Wait for Confirmation.
Please LIKE and FOLLOW to get notification of updates and future posts.
