Crude oil (WTI) to retest 34.34
Updated
The price broke down the double three WXY of (B) corrective structure.
We got the pullback to the broken support.
Watch further break below minor support.
Wave (C) could retest the former valley of 34.34
See related Brent crude for education purpose - the overall structure is the same, but the current corrective structure in wave (B) differs.
We got the pullback to the broken support.
Watch further break below minor support.
Wave (C) could retest the former valley of 34.34
See related Brent crude for education purpose - the overall structure is the same, but the current corrective structure in wave (B) differs.
Comment
Update - the structure has changed as price overlapped the former top We got triple three WXYXZ as on Brent crude.
Break below 39.45 and RSI below 50 is needed to confirm the drop
Comment
Update The labeling has changed as we got an Ending Diagonal in wave C of (B).
The RSI is moving below 50, we need close there.
The break below 39.83 is needed for confirmation of eliminating the diagonal.
Comment
Zoom in 15 minutesPrice boils between the top and previous low
Support wasn't broken as yet. Let's see
Comment
Update
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