Why oil is heading lower
The reason for the prediction on where oil is heading is because the long term charts indicate that this is the 5th wave down which you can clearly see by the velocity and angle of fall.
It also means that it has to go below the last low of wave 3 which was 11
It also means that it has to go below the last low of wave 3 which was 11
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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.