USOIL - LOOKING FOR THE LONG

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USOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple.

A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green
This area is also a support area going back to January.
We draw another extension from the last small move higher - see black - and judge the price action as it moves through these extensions.

The 382 of the larger move higher is just below at 80.00

Somewhere in there can be ourrevrsal for a move back up to 100 mark.

Timne to follow....
Ghi chú
Let's give it a shot...
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Ghi chú
Here is our winner!
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