This is wave 1 of the impulse erupting from this bullish triangle - tradingview.com/v/mW4rECpk/.
After the wave 1 impulse, we are looking for a valid three wave correction to call wave 2. This is a flat, a 3-3-5, wave c being an ending diagonal. Ending diagonals are exciting because they reverse sharply, as do triangles. When price passes through the upper trend line, I am expecting wave iii of the larger triangle thrust to be under way. It will be a sharp move towards. $60 per barrel. I forgot to put a steep green arrow pointing upwards in this illustration, use you imagination!
After the wave 1 impulse, we are looking for a valid three wave correction to call wave 2. This is a flat, a 3-3-5, wave c being an ending diagonal. Ending diagonals are exciting because they reverse sharply, as do triangles. When price passes through the upper trend line, I am expecting wave iii of the larger triangle thrust to be under way. It will be a sharp move towards. $60 per barrel. I forgot to put a steep green arrow pointing upwards in this illustration, use you imagination!
Publications connexes
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.
Publications connexes
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.