USOIL … longterm harmonic positive scenario, 13/04/16

#USOIL … longterm harmonic positive scenario

USOIL 1D chart

USOIL ideal scenario 13 04 2016

based on the patterns:

  • AB=CD       (classic AB=CD)
  • XABCD       (exotic harmonic pattern)
  • XABCDEF  (exotic harmonic pattern)  where ED=FE

….the above mentioned patterns look in theory like the chart below:

Screenshot_2

  • ADF             (ABC reciprocal) where F at 1,382 projection of AD in price and in time
  • ODF             (ABC bearish), F could be at 0,618 of OD in price and time

=> it all fits, in price and in time …but, it is not more than a scenario