CL on Bullish 3 Wave
CL is likely to return to its upward trend soon.
It completed a 5 wave down which ended in the 61% retrace region from the prior 5 wave up. This makes it likely it will continue its longer term trend up from here.
It could also be on the C leg of an ABC correction. The C leg will also be bullish.
Basic trading idea is to buy in lower rectangle and tighten stops in upper rectangle. If it's on a 3 wave and not C wave it could go higher than the upper rectangle.
It completed a 5 wave down which ended in the 61% retrace region from the prior 5 wave up. This makes it likely it will continue its longer term trend up from here.
It could also be on the C leg of an ABC correction. The C leg will also be bullish.
Basic trading idea is to buy in lower rectangle and tighten stops in upper rectangle. If it's on a 3 wave and not C wave it could go higher than the upper rectangle.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.