UKOIL - Short
Oil will probably crash for whatever fundamental reason, in the coming years
Technical perspective:
Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected
Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C
Hence, we should be anticipating a Wave C downwards soon
Technical perspective:
Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected
Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C
Hence, we should be anticipating a Wave C downwards soon
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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.
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.