USOIL Analysis

8 May 2019

Basic Analysis of USOIL using Ichimoku Time, Price and Wave Theory.

8 May 2019

Not

My analysis seems correct. I have a nice trade on which is on break even. In my opinion, most people don't analyze the market they just look for a mechanized system. I use Elliot Wave, Wyckoff, and Ichimoku Principle to help me come to a conclusion where the market is heading.

8 May 2019

Not

In this blog, I just focus on Ichimoku and just give my analysis. It's a powerful theory which hardly anyone in the western world understands. You have concepts on wave theory (S,4, P, Y, I, N, V) Price (N, E, V, NT, 2E) and Time (Basic numbers, Advanced. Equalization Principle.

8 May 2019

Not

Once the market finished an N Wave, it's now producing S Wave. Notice the previous resistance turned support and price rejected it.

9 May 2019

Not

Last night's move nearly stopped out my break-even position. We currently have an impulse leg (I). But if you look at the larger picture we have a higher degree N wave. Notice how price found support at the previous Kumo Shadow.