A terribly evil scenario is under the hood in oil. 5 wave structure of (c) of B is almost complete. It might still reach 135 in a month or so, but EWT-wise it's pointing down over the next couple of years. A measure of wave A in log scale points to a C-wave target of 20-25 sometimes next year. I see similar setups in almost all commodities. Guess China/Taiwan clash might explain this fundamental-wise.
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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.