Elliot wave analysis on oil (2016-01-17) Viés de baixa

Crude Oil (WTI)FXCM

Descrição

⋅ 17 de Jan de 2016 10:14

The elliot wave analysis is shown on the chart. Oil has broken the triangle of wave 4 and might will retest the triangle and go down again.

Good luck for everyone!

Comentários

KayJay

⋅ 18 de Jan de 2016 18:17

Great wave count you got there....... And don't forget that wave 5 in commodities are strong.... 26-25 level can easily come by

zhipengcfel

⋅ 19 de Jan de 2016 07:54

Thanks. The target of wave 5 is around 25. You will see it if you zoom out the chart. But the minor wave iv might retrace to 31~32 level and then continue going down to complete the wave 5.

zhipengcfel

⋅ 17 de Jan de 2016 18:06

Oil might retrace to 31~32 dollar to retest the triangle first and then go down to complete the minor wave 5.

zhipengcfel

⋅ 19 de Jan de 2016 10:32

Oil gets supported at the bearish channel.

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