Oil FuturesMis à jour WTI: Bears Are Outnumbering Bulls
WTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17, and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110. Your target will be 105-99-93.
Aggressive traders can sell when the price falls below 119.
If it goes above the parallel channel, wait for levels to appear.
Thank you
Money_Dictators
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17, and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110. Your target will be 105-99-93.
Aggressive traders can sell when the price falls below 119.
If it goes above the parallel channel, wait for levels to appear.
Thank you
Money_Dictators
Trade fermée: cible de profit atteinte
Target ReachedNote
I am back with my work :)
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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.