USOil: Correction Is Now In Play

11 thg 1, 2017

Were you thinking to buy Oil for a run up to $60 or higher? Did the news trick you into thinking higher prices were directly ahead? Did the "supposed" OPEC- Russia deal get you thinking to BUY, BUY, BUY? Did you follow someone's suggestion to BUY cause they said so?

Well, if you did then I guess you might be wondering "what the heck is going on???" Well, I'm NOT in that camp of telling anyone to BUY Oil right now. Will it get to $60 or higher? The long term answer is YES. I also believe it will. But NOT RIGHT NOW!

What you see in my chart is what my analysis says is a correction that is now underway that could take prices back down to below $50. As you can see on the chart, my analysis and my wave count signaled a SELL and I issued a sell call to my members on 1/05. And now we are in profit on that drop since then by over +250 pips! And it isn't done dropping.

What I want to warn you is that there is now a completed cypher pattern here and along with my analysis shows that with another small drop coming, we'll see a pullback to retest the broken TL and then another drop.