USOIL 8/2/2024
Current Analysis:
Correction Buy (ABC Pattern): We’re observing an ABC correction pattern. HTF Leg 1 has developed well, and we're about to complete Wave 3 in this leg, entering a markdown phase.
Current Position:
Leg C: We’re in Leg C of the ABC pattern, which should deliver an impulse move. However, internal indicators aren't fully confirming this setup yet.
Action Plan:
Entry Strategy:
Risk Management: Set buy orders with a stop-loss below Leg 2 to manage risk.
Timing: Expect potential movement around key news events like NFP or early next week (Monday or Tuesday).
Watchlist:
Patterns: Monitor for specific patterns to confirm the buying opportunity within the current formation.
Adjust your strategy based on emerging patterns and key economic news.
Correction Buy (ABC Pattern): We’re observing an ABC correction pattern. HTF Leg 1 has developed well, and we're about to complete Wave 3 in this leg, entering a markdown phase.
Current Position:
Leg C: We’re in Leg C of the ABC pattern, which should deliver an impulse move. However, internal indicators aren't fully confirming this setup yet.
Action Plan:
Entry Strategy:
Risk Management: Set buy orders with a stop-loss below Leg 2 to manage risk.
Timing: Expect potential movement around key news events like NFP or early next week (Monday or Tuesday).
Watchlist:
Patterns: Monitor for specific patterns to confirm the buying opportunity within the current formation.
Adjust your strategy based on emerging patterns and key economic news.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.