Hello Traders!
After so rapid falling on Tuesday there are a lot of scenarios available.
While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle.
If price crosses 92.92 – wave (IV) will be active.
And also, it' s...
Hello traders!
The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)).
So, there are a lot of markup options here.
As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue).
Small downtrend impulse and correction just also present.
On Monday I will be...
After Friday I've made little corrections. Main forecast stays unchanged. There are also some questions related with wave ((B)) - structure is not defined yet. More likely it will be a flat or a double zigzag.
Hello Traders!
Here's my expectations for Crude Oil.
I will look for sell opportunities until wave ((IV)) is over.
In September I expect bullish trend.
Good luck!
