WTI Waves and Zones
WTI is in a September 2023 to form a Large Multi Month Triangular Consolidation.
We are nearing the pointy end.
On the lower time frame , this leg can be seen to be playing out in 5 waves.
We are in wave 4 , and price is consolidating a Supply Zone. The 4th wave
may be in 3 for an ABC movement.
I am looking for a First Test Rejection of Supply. Its not sharp, its not quick. It's a small
rectangular consolidation. So maybe a small rejection to B , before a break higher to 80.
The final leg would target the ascending supporting trendline and a move to 75.
I like these big round numbers.
We are nearing the pointy end.
On the lower time frame , this leg can be seen to be playing out in 5 waves.
We are in wave 4 , and price is consolidating a Supply Zone. The 4th wave
may be in 3 for an ABC movement.
I am looking for a First Test Rejection of Supply. Its not sharp, its not quick. It's a small
rectangular consolidation. So maybe a small rejection to B , before a break higher to 80.
The final leg would target the ascending supporting trendline and a move to 75.
I like these big round numbers.
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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.