USOIL - Three Drives Pattern potential, Back to $44 and maybe 38

29 May 2017

I believe USOIL is going back to $44 and then to $38 is very possible by sometime in July to August. Just an idea.

5 Haz 2017

Not

Moving down like it should. Was hoping it would go slowly. Was going to buy another leg down. Need to wait for another pullback

5 Haz 2017

Not

Here is the current channel blown-up compared to my chart

6 Haz 2017

Not

Looks like one more leg down and then watch for reversal

7 Haz 2017

Not

Leg down continued to bottom of the trend. Nice move if you are still holding from around $50

7 Haz 2017

Not

updated channel chart

16 Haz 2017

İşlem kapandı: hedefe ulaştı

T1 reached, $44, now we watch and see if it continues trend or works it's way back up following the trend to the upside

16 Haz 2017

Not

Updated chart, added some more information