Impulsive move down, what's next for OILUSD?
For a few weeks now I have attempted to buy OILUSD but prices kept coming down and now I have a clearer picture of what could potentially happen next.
Should we get an ABC correction of this impulse, I will be looking for sells.
Should we get an ABC correction of this impulse, I will be looking for sells.
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This could be the ABC correction I anticipated...
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It looks like price is moving in our direction
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Nope! Downtrend continues...
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Patiently waiting for this move to play out then enter a sell position. As long as price doesn't go into wave 1 territory.