Crude oil short: Compounded 3rd wave
It is my belief that crude oil will crash very soon. Here are the reasons in reference to my chart:
1. Price has toyed with the resistance zone multiple times and getting more frequent (violates it once).
2. My wave counting suggesting a potential compounded crash.
3. My general analysis of the broader markets (equities, crypto, precious metals) suggesting that broad liquidation is going to come soon (link of ideas below).
1. Price has toyed with the resistance zone multiple times and getting more frequent (violates it once).
2. My wave counting suggesting a potential compounded crash.
3. My general analysis of the broader markets (equities, crypto, precious metals) suggesting that broad liquidation is going to come soon (link of ideas below).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.