Mercotrends

Mercotrends

Hello Traders! After so rapid falling on Tuesday there are a lot of scenarios available. While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle. If price crosses 92.92 – wave (IV) will be active. And also, it' s...

Mercotrends

Hello traders! The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)). So, there are a lot of markup options here. As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue). Small downtrend impulse and correction just also present. On Monday I will be...

Mercotrends

After Friday I've made little corrections. Main forecast stays unchanged. There are also some questions related with wave ((B)) - structure is not defined yet. More likely it will be a flat or a double zigzag.

Mercotrends

Hello Traders! Here's my expectations for Crude Oil. I will look for sell opportunities until wave ((IV)) is over. In September I expect bullish trend. Good luck!