Strictly following rules to interpret the recent bounce confirmed that we might be in wave b of abc flat that should post new low this week. I think wave c will not exceed the recent high considering the pressure from moving averages on higher timeframes.
Here I run against the crowd and some other Elliott wave practitioners expecting further advance as part of new longer-term trend up. I have relatively minor short positions in USOIL and consider myself unbiased here. My only bias may come from the string of previous successful calls in USOIL.
Here I run against the crowd and some other Elliott wave practitioners expecting further advance as part of new longer-term trend up. I have relatively minor short positions in USOIL and consider myself unbiased here. My only bias may come from the string of previous successful calls in USOIL.
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