Elliot Wave Perspective of Crude Oil.
I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long .
Roughly
Long @ 48.74
Stop Loss @ 46.99
Take Profit @ 53.00
Elliot Wave Perspective of Crude Oil.
I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long .
Roughly
Long @ 48.74
Stop Loss @ 46.99
Take Profit @ 53.00
Elliot Wave Perspective of Crude Oil.
I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long .
Roughly
Long @ 48.74
Stop Loss @ 46.99
Take Profit @ 53.00
If the price breaks above the 1156 level then we are in the bullish elliot wave pattern. Probable channel has be drawn with median line. If the price fails to break then i will wait and look for the other scenario. But for now, I am hoping for a break above 1156 and also the consolidation above it
The yellow metal is in the bullish Elliot wave pattern, if it breaks above 1156 that is very likely to happen in this week or in the next. If it fails to breakout the triangle then i will look for the other scenario. But for now i will buy the breakout at 1156.
A break below 1110 and 1095 can call for more deeper losses for the metal.
