USOIL - Price Action Indicates Trend Continuation
Since price action has broken the highs I have adjusted the count to highlight a potential expanded Wave 2 correction.
When something doesn't add up you must go back and reassess the previous corrective waves.
Sometimes even corrective waves can look impulsive due to underlying strength in the market.
In this video I explain why this is entirely possible and if this proves accurate then we may be looking to break all time highs.
When a Wave 2 correction expands to the upside as this count suggests then we can only assume that this move will be extremely bullish.
This fits the characteristics of Wave 3 price action and I lay it all out in this video.
Feel free to provide some constructive feedback in the comments below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
When something doesn't add up you must go back and reassess the previous corrective waves.
Sometimes even corrective waves can look impulsive due to underlying strength in the market.
In this video I explain why this is entirely possible and if this proves accurate then we may be looking to break all time highs.
When a Wave 2 correction expands to the upside as this count suggests then we can only assume that this move will be extremely bullish.
This fits the characteristics of Wave 3 price action and I lay it all out in this video.
Feel free to provide some constructive feedback in the comments below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
