Long trading opportunity in Crude Oil (Elliott Wave)
It look like Crude has just completed a Ending Diagonal and also broken the upper trendline.
If this is an Ending Diagonal then we can expect Crude to make new highs from here on.
SL : Below 46.40
Target : Last Swing high
It looks like a good long opportunity from a Risk to Reward perspective, I will update as this market continues.
If this is an Ending Diagonal then we can expect Crude to make new highs from here on.
SL : Below 46.40
Target : Last Swing high
It looks like a good long opportunity from a Risk to Reward perspective, I will update as this market continues.
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View from the 5 minute chart, expecting a retest of the trendline before the upmove begins, either a buy on dips or a buy on pullback.
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Retest of the trendline and then movement up, exactly as expected.
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Continuing up as expected.
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Should atleast hit 50.
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Updated Count :
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Author : Think with the Markets
