Futuros de petróleo leve brutoViés de alta
CL1! Is the correction in Crude Oil coming to an end?
Is the correction in Crude Oil coming to an end? Since March '22 the price of a barrel oil has formed an ABDCE pattern. It looks unusual, but it works for the moment (!). If the price didn't form a lower low respecting the 10th of Nov. the price could start a new uptrend overthrows 130 US-$.
From an Elliott Waver perspective the condition for wave (E) in red was minimum 50 % of the length of (C)-(D). This happened already and the market formed a bounce of 5, - US-$. Which for now will be tested and lead me to this trading idea.
From an Elliott Waver perspective the condition for wave (E) in red was minimum 50 % of the length of (C)-(D). This happened already and the market formed a bounce of 5, - US-$. Which for now will be tested and lead me to this trading idea.
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