1409 USOIL slow rise after BIG ABC
Updated
Hello traders,
USOIL has no strong signal to open sell on daily and 4H chart.
And on this 1H chart, could see more clear that on Wed it just finished a BIG ABC wave with CPI momentum. A and C are so close or hit FIBO 382 of last uptrend swing.
From then, USOIL slowly rise up alone with the green trend line.
Will it test fibo 1.27 89.65 AGAIN which it hit once but not broke through yet.
The plan today is looking to entry to join the new swing to higher high.
GOOD LUCK!
LESS IS MORE!
USOIL has no strong signal to open sell on daily and 4H chart.
And on this 1H chart, could see more clear that on Wed it just finished a BIG ABC wave with CPI momentum. A and C are so close or hit FIBO 382 of last uptrend swing.
From then, USOIL slowly rise up alone with the green trend line.
Will it test fibo 1.27 89.65 AGAIN which it hit once but not broke through yet.
The plan today is looking to entry to join the new swing to higher high.
GOOD LUCK!
LESS IS MORE!
Trade closed: target reached
Note
Now up to 90, it is not a good idea to follow long. But should think about cutting lots size if you still have buying order on your hand.
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signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
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