2408 USOIL plan has changed to the ABC wave down

24 Ağu 2023

Hello traders,

In my last idea, I was looking for a higher high C before USOIL making a new leg down. But it did not happen.

Now following the main trend still on daily chart, I would like to look for a new B as end of corrective wave before wave BC happen.

C is targeting FIbo ext 1.27 and S1.
B is targeting Fibo 382-618. Back to R1 is also possible. We need to keep eyes on the candles in the US session.

GOOD LUCK!!
LESS IS MORE!

25 Ağu 2023

Not

USOIL is making a new high but still in my selling zone without selling signal.