US oil - Crude oil Elliot wave count

As per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105.

Breakout with good intensity of volume

MACD already positive and uptick and also above zero line on hourly time frame

MACD uptick and now positive crossing on daily time frame

RSI uptick on hourly time frame

RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any)

Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!

Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.

Commentaire:

Trade fermée: ordre d’arrêt atteint:

StopLoss Hit 💔