Trend Continuation Plan

2 de jul. de 2018

USOIL, as stated in earlier ideas, went parabolic these last couple of days. It seems many sellers' stops got caught during this move. However, higher TFs now show a healthy trend continuation patterns evolving. At this point, there was a failure test below previous psychological high and now this market seems ready for a pullback formation before another bullish impulse leg. Anticipated supply zone is around $75.50, pullback long entries waiting around $70.50. The plan is king as long as the price is within the anticipated bounds.