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SecludedJ

USOIL is Still in Crashing Pattern Since 2008

CFDs on WTI Crude Oil (TVC:USOIL)  
SecludedJ Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns Crude Oil WTI
4
0
trendanalysis harmonicpatterns chartpattern usoil
Chart is self-explanatory.

We have been crashing since 2008 and doing 70% retraces of each fall. Once a retrace is completed at $81-83 from our second fall in 2014, the crash will resume taking us back to $43 per barrel. At that point, we can determine if we are going to find support, then resume higher, or continue crashing lower.
Comment:
Well... that happened a lot faster than I expected, lol.

snapshot
Comment:
Target was hit, significantly faster than I expected. Now time to let it play out for a little while and see if we are setting up for a crash down to $15 or if we are going to move up higher.
Comment:
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