USO – May 21, 2023

Take a look at USO below … certainly looks like 5 waves down and , every wave was symmetrical and the EXACT same percentage move. Pretty crazy .. that’s why I love LOG charts folks.

W/ the 5 waves down complete and the pretty big move afterward would look to be a BUYer w/ a nice pullback lower on USO. Could be a nice long run higher on this one …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART