Currently USOIL is doing complete the opposite of what most of us would have expect from it. But still I see room to go down before the big launch. In the daily timeframe we can see we are in a big channel, with a smaller channel that is in my opinion a bearflag.
In that smaller channel we had/have a rising wedge, which at the moment is behaving the same as a bearish WW. We broke out from this rising wedge, but my gut feel tells me this is a fake breakout. Also in WW-terms this is still the sweet area where it can fall from.
What do you think? Like to hear your personal opnion and exhange valuable ideas.
Thumbs up if you like ^_^
In that smaller channel we had/have a rising wedge, which at the moment is behaving the same as a bearish WW. We broke out from this rising wedge, but my gut feel tells me this is a fake breakout. Also in WW-terms this is still the sweet area where it can fall from.
What do you think? Like to hear your personal opnion and exhange valuable ideas.
Thumbs up if you like ^_^
