BAT pattern formation underway on USOIL
Retracement wave A-B was 50% of Impulse wave X-A.
B-C was 61% of wave A-B. My feeling is that we have concluded B-C and we have started C-D.
C-D should take us to minimum 78% which would be the $50 levels.
B-C was 61% of wave A-B. My feeling is that we have concluded B-C and we have started C-D.
C-D should take us to minimum 78% which would be the $50 levels.
Comment:
There is a Gartley pattern forming on the smaller time frame. Need confirmation of invalidation of this pattern which would be after price crosses point B on the C-D leg. Taking money out of this trade. Will re enter if price crosses 47.36 (Point B).
