WTI (CRUDEOIL) – Finally on the right side!
Hello everyone,
now it seems to be clear: the direction was right, but the count wasn’t.
What has happened?
At 75.24$ there was wave 3 (purple in brackets) ending. One wave degree higher, so the actual correction is wave 4 (purple in brackets), and this has to be leading lower. I think we have a good chance now to get in the market to make money with wave 5 (purple in brackets) of 3 (green in square brackets) which should start now or during next week.
I have already placed a trading box (blue one) in the chart, because I think there wave 4 will end and WTI then will turn the direction to new highs. I think we are good to go to 90$ and maybe more. But this, we have to decide later on.
Be careful, because wave 4 has space until 56$, technically. This, we should keep in mind, but I do not think so.
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care
tgo
now it seems to be clear: the direction was right, but the count wasn’t.
What has happened?
At 75.24$ there was wave 3 (purple in brackets) ending. One wave degree higher, so the actual correction is wave 4 (purple in brackets), and this has to be leading lower. I think we have a good chance now to get in the market to make money with wave 5 (purple in brackets) of 3 (green in square brackets) which should start now or during next week.
I have already placed a trading box (blue one) in the chart, because I think there wave 4 will end and WTI then will turn the direction to new highs. I think we are good to go to 90$ and maybe more. But this, we have to decide later on.
Be careful, because wave 4 has space until 56$, technically. This, we should keep in mind, but I do not think so.
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care
tgo
HK-Capital-Management
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.