inverse H&S found support on neckline at 58
Note
im still learning :). I see a lot of people being biased that oil should go down and being to close on hourly charts, clouding there judgement. this is what i see and will trade. be carefull shorting guys. dont be biasedNote
no finanicial advice, i just love puzzelingNote
i just wanted to add, that im also biased that oil should go down. at the end the demand will go down, but thats for the coming years/decades. electric cars by far not efficient enough imo etcNote
wave 1&2 overlap i know, channel must form or be some kind of diagonal, like the dxy hasNote
nice target for wave 4 would be on the neckline of the H&S (extend the line).Note
Note: i put target for wave 3 lower in the update, but like the above chart it could break up higher. we will seeNote
wil it be the extension fib level of wave 1 or top of the channel :)i dnoNote
wave 1&2 can overlap ignore that, was confused with my dxy chart, excuse meNote
give more accurate target as wave progress to CDisclaimer
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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.