Support - Resistance Waves on USOIL!

AB Length 132 BC Length 175 ABC average 163.

Watch for a bearish movement in price 50 price zone.

USOIL

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Now we have a bullish movement, please look for a MACD divergence (3,10,16, CLS) in 50.25 level.

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Price entry reached as expected..

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currently +170 pips profit!!!

Take a partial here!!

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FIBO retracement will make an up to the 49.58 area, if you did not enter in 50.25 level, you can enter here 49.58 (sell) with only a 30 pips risk! Stop Loss at 49.88.

Safe Trade Folks!!!

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Price entered as mentioned in previous comment, 49.58, you can sell now with a SL at 49.88 and same TP levels mentioned before.

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TP1 Hit! Congratulations for those who waited...

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After EIA meeting, price finally start dropping and hit our TP2 wait for the other two TP missing. Now is a good time for entering and look for a TP4 target.