USOIL: Elliott Wave Analysis

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Details: Wave 1 black (Cycle Degree) was completed at 67.68 as Impulse Wave and Wave 2 black (Cycle Degree) was completed at 87.60 as Double Zigzag. Wave 1 green (Primary Degree) was completed at 72.43 and prices have been developing and retracting to Wave 2 green (Primary Degree) as expecting target at Fibonacci Level 0.5-0.786
Invalidation Point: 72.43
Trading Opportunity: Wait for Wave 2 green (Primary Degree) complete and find a chance to entry the orders while price declines to Wave 3 green (Primary Degree)