Elliott wave analysis on usoil (2017-08-28)

USOIL had a nice moving up after touching 43 area last time.

Now it seems that USOIL is undergoing a shrink triangle pattern likely. It has the probability to go down around 43 again before heading up.

Good luck to everyone!

Trade with care!

Trade closed manually:

Closed short due to UK oil got supported.

Comment:

Reject back from resistance line!

Comment:

It breaks out of the resistance line. Oil is in a bull market. Buy every pull back!

Trade closed: target reached: