USOIL-We are in wave iv) completed or in complex? Wave v) to 88?
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MARKET COMMENTARY:
1. As i informed my target is 115 the previous resistance and we are in the wave iv) of 1) of "C" in positional view.
2. Currently we are in the wave iv) may be ended in today's low or it may be a complex correction or may be a triangle.
3. Once the wave 1) of "C" completed @ 88 expecting a bigger correction for the wave 2) in 3 waves structure.
4. Currently we are in the 23.6 to 38.2 fib retracement for the wave iii) and we got rejected in 1.618 fib Ext for wave i) and ii).
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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