After finding it's low at 19.50 I expect a sideways correction in oil because wave 2 was a Zigzag.
The alternation in the Elliott wave suggests me that after a deep correction there will be a sideways correction.
We are too early stage of wave 4, therefore, I don't know which one will be realised, a Triangle would be suitable for the coming situation, but a Flat or a type of Flat would come also. We will see it, but I will prepare for myself a sideways trading strategy, which is not my favourite.
At topping point, there will be extreme optimism and vice versa. In the sideways moving, the contrary attitude is well-paid.
The alternation in the Elliott wave suggests me that after a deep correction there will be a sideways correction.
We are too early stage of wave 4, therefore, I don't know which one will be realised, a Triangle would be suitable for the coming situation, but a Flat or a type of Flat would come also. We will see it, but I will prepare for myself a sideways trading strategy, which is not my favourite.
At topping point, there will be extreme optimism and vice versa. In the sideways moving, the contrary attitude is well-paid.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.