-
USOIL Bullish Trend Could Reach 144.83
USOIL looks at a global upward impulse wave a of the cycle degree. This consists of primary sub-waves ①-②-③-④-⑤. After the end of the primary correction wave ④, an impulse came into formation. Most likely, the primary fifth wave is now under construction. In the medium term, this will take the form of an intermediate (1)-(2)-(3)-(4)-(5) impulse. The end of the entire wave ⑤ is likely to reach the 144.83 area. At that level, it will be at 161.8% of primary impulse ③. Alternatively, it’s possible that the intermediate impulse wave (3), which is part of the primary fifth wave, has ended. Thus, if this assumption is ... (full story)