USOIL. UPDATE. wave b is done. target recalculated
Hello friends!
Small blue wave b is done just 15 pips ahead of my previous update.
Red micro wave A is also done.
We are now in red micro wave B with possible targets at 46.13-45.98-45.83-45.64 (Fibo levels + trendline support)
The final target has been lowered due to weak blue wave a.
The blue wave c = 1.618 of blue a = 49.37 = recent maximum topped in large wave A (49.30).
Overall correction is still in progress up and we got new modest target.
But we are in the final phase be careful.
Best of luck!
Small blue wave b is done just 15 pips ahead of my previous update.
Red micro wave A is also done.
We are now in red micro wave B with possible targets at 46.13-45.98-45.83-45.64 (Fibo levels + trendline support)
The final target has been lowered due to weak blue wave a.
The blue wave c = 1.618 of blue a = 49.37 = recent maximum topped in large wave A (49.30).
Overall correction is still in progress up and we got new modest target.
But we are in the final phase be careful.
Best of luck!
