USOIL Daily. Long

Price currently shooting up like a rocket, I missed the boat... So will be waiting for price to drop back & retest the .382 Fib or support level, then will anticipate a continuation up. Will drop down to the 1 or 4 hour chart to look for a valid reason for entry once the retest has happened.
My target will be the .618 level, Sell Zone or the current trend line, but possibly set target 1 at the .50 Fib level to lock away some profits.
Good luck :)