Traders,
Technically, USOIL now has a possibility to finish C of a harmonic pattern.
As CHART SHOWS, took a year for usoil back to 62 from 26.12.
Is that possible for it to drop back to FIBO 618-786-886?
Something to to keep on mind, that the speed of falling down always faster than speed of rise.
And only took half year for USOIL drop down from 120 to
43, another half year from 62.6 to 26.10.
USOIL still has a long way to go back to 100. A healthy
correction would really help which should happen soon according to technically analysis only .
Less is more!
Technically, USOIL now has a possibility to finish C of a harmonic pattern.
As CHART SHOWS, took a year for usoil back to 62 from 26.12.
Is that possible for it to drop back to FIBO 618-786-886?
Something to to keep on mind, that the speed of falling down always faster than speed of rise.
And only took half year for USOIL drop down from 120 to
43, another half year from 62.6 to 26.10.
USOIL still has a long way to go back to 100. A healthy
correction would really help which should happen soon according to technically analysis only .
Less is more!
