USOIL could potentially complete a bullish Shark in the PRZ of a bullish Wolfe wave setup. The targets for both patterns align precisely with the unhit pivot for December, 2015. SL is placed at 113% retracement of the shark CD leg.
Confluence in the PRZ:
Bullish shark pattern completion
2BC projection
1.5AB=CD completion
Bullish Wolfe wave setup
Unhit monthly pivot for December, 2015 above price
Bearish USDCAD patterns setting up on same TF (see related ideas)
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