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zhipengcfel

Trading opportunity for usoil (2017-06-06)

Long
Crude Oil Futures (Jul 2017) (NYMEX:CLN2017)  
zhipengcfel Updated   
NYMEX:CLN2017   Crude Oil Futures (Jul 2017)
Crude Oil WTI Elliott Wave analysis
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usoil elliottwaves analysis
USOIL futures (2017-05-26)
Usoil was consolidated for 13 weeks in the top. This week is the 13th week after its breakdown. It seems that the bottom will be formed this week.

If we check the previous low until top was 22 weeks, it is another 22 weeks after the top. The time target is overlapping.

From EW aspect the correction is completed here.

It provides a good trading opportunity here.

Good luck for everyone!
Comment:
Daily chart:
snapshot

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