USOIL Is Nearing Support Getting Ready for A Bounce Back Up
USOIL is at the support of the consolidation box what the market had formed, the marked has a high chance now to back up to resistance, if the market in case breaks that support I will look to enter at the 2nd suport area and if the market breaks that as well I will look to enter at the 3rd area Iy"h.
if you do the calculations you will see that either way I will hopefully make money,
if the market goes straight up, that will be a easy win, if the market comes to my second entry, ill take it up all the way where my first entry was, so on the first one I will break even and on the second I will win,
if it comes down to the 3rd entry I will take it to where the second entry was, so the second entry will be a break even and the first one a lost but the 3rd entry win will be bigger then that lost.
Hopfully this makes sense to you.
if you do the calculations you will see that either way I will hopefully make money,
if the market goes straight up, that will be a easy win, if the market comes to my second entry, ill take it up all the way where my first entry was, so on the first one I will break even and on the second I will win,
if it comes down to the 3rd entry I will take it to where the second entry was, so the second entry will be a break even and the first one a lost but the 3rd entry win will be bigger then that lost.
Hopfully this makes sense to you.