CRUDE OIL WAVE 3 SETUP
Updated
Assalamualaikum & Hi Traders!
Key level = 75.27
We are tracking a recognizable setup of wave 3 on crude oil.
Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27).
Breaking 67.80 will give us indication that wave (2) is already in place.
As for now, my personal view is bias to the downside and key level = 75.27 must hold for this wave 3 bearish idea.
Key level = 75.27
We are tracking a recognizable setup of wave 3 on crude oil.
Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27).
Breaking 67.80 will give us indication that wave (2) is already in place.
As for now, my personal view is bias to the downside and key level = 75.27 must hold for this wave 3 bearish idea.
Comment
DAILY CHART ANALYSISComment
WAVE 2 IN PLACEPrice break below 67.80 resistance giving an idea that probably wave 2 is in place.
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