USOIL. UPDATE. WAVE a is done we are in wave b of (C) of {4}
Yesterday was nice day for buyers.
So as per plan small wave a is done (almost where I put it - without calculations it was 46.92 and price reached 46.71)
Now small wave b in progress.
Added simple yet effective classic support trendline which will be touched at 45.04.
It coincides with the 61.8 Fibonacci retracement level therefore double support at 45.00-45.20 area.
I will wait to buy there with stop at 44.21
Best of luck!
So as per plan small wave a is done (almost where I put it - without calculations it was 46.92 and price reached 46.71)
Now small wave b in progress.
Added simple yet effective classic support trendline which will be touched at 45.04.
It coincides with the 61.8 Fibonacci retracement level therefore double support at 45.00-45.20 area.
I will wait to buy there with stop at 44.21
Best of luck!
