Position Long at 1480 ~ 1500
Reasons:
O Strong support at 1481 (Fibonacci zone)
O Increase in the price of oil, leading to movement of money for safe assets or other commodities
O Huge breakout after the symmetrical triangle formed between 2013 and 2019
O Formation of cup and handle for the next five years
O Elliot Wave Analysis of a,b,c,d,e
Reasons:
O Strong support at 1481 (Fibonacci zone)
O Increase in the price of oil, leading to movement of money for safe assets or other commodities
O Huge breakout after the symmetrical triangle formed between 2013 and 2019
O Formation of cup and handle for the next five years
O Elliot Wave Analysis of a,b,c,d,e
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.
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.