Yesterday I attempted to long USOIL and that was a mistake. The price is expected to test the falling line of the channel and retrace to new lows to finalise wave x. After that there are only 2 possibilities within that count - either a triangle, which is the base case (in green) or a flat (in teal).
As for trading - if the price tests the trendline as indicated I might attempt quick shorts. For the rest I will probably stay out.
As for trading - if the price tests the trendline as indicated I might attempt quick shorts. For the rest I will probably stay out.
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đ energeiacharta.com
â±ïž Timely updates of WTI, Gasoil, NatGas charts explaining every twist
đïž Extensive analysis archives
đ Chartopedia, with examples of applying ElliottWave to real world charts