Us oil, one last move up.

I'm expecting the last wave up, then a correction down where the wave 2 ends.
Trade only according your strategy.

Good luck.

Kommentera:

If we end with ther price higher than point 3 (i'm not in the trade anyway), we end up with a "Three little indians" pattern which is also a sell in this case. I think i can use the Wolfe wave (Bill Wolfe made a living out of this). The line connecting 1-4 (which happens to be a trndline fron the old price action) is the target according the wolfe theory.

Le's see.