USOIL- Wave 5) of c) of (b) may reach 110 ? in positional view
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Market Commentary:
1. My target got achieved in the previous trade plan and i thought may be a rejection after the completion of wave 5) of (5) @ 93.6 (in previous wave count).
2. Now i changed my view according to the price action here. Now it is a ZIGZAG pattern and
wave b) completed in 23.6 fib retracement only and again it bounced for the wave C) in 5 waves as i shown here of wave (b) in positional view.
3. Now we are in the wave iv) of 3) and will be completed near 90-91(it did now) and then v) of
3) to reach near to 100$.
4. I may be wrong in this view, because the wave b) what I shown is little DOUBTFUL (but valid though if it is a ZIGZAG pattern)
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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