I think USOIL has reached a strong support, high possibility of trend reversal to the upside (Bullish). I see an areas of confluence where: 1) Price has reached the support of the small descending(downwards) channel, 2) Price has also reached the Fib retracement zone around 61.8% (I also see the Elliot Principle)
Target T.P = 76.00 which is also Fib Trend Based Fib-extension of 141.4% - This will probably take few weeks and requires a lot of patience.
Target T.P = 76.00 which is also Fib Trend Based Fib-extension of 141.4% - This will probably take few weeks and requires a lot of patience.