ElliottWaveBelgium

US OIL - Going lower after this correction !

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TVC:USOIL   CFDs em Petróleo Bruto WTI
Price made a nice Leading Diagonal from ~66.50 to ~60.00

We are now in a correction which might find resistance around 64.00
where we can find the 61.8% retracement level,
the 1.27 projection of wave (a)
and the upper channel line.

If the price goes above the 78.6% retracement level, it's an early sign that a new top might be coming,
therefore invalidation the count.
Comentário:
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Comentário:
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Comentário:
It's going for an impulsive wave up it seems.
Comentário:
Price came down after 5 waves up.
This chart was shared with my subscribers first
Comentário:
and now
Comentário:
Price went even lower.
Currently in a correction, so, expecting more weakness
Comentário:
Position closed just in time !

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Aviso legal

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