H2 WTI / Crude low probability long scenario (Wyckoff / EW)
Howdy folks!
This is low probability (so far) scenario in which WTI is undergoing (short term) a correction (A,B,C). C, could coincide with 0,5-0,618 fib of W1 up (impulse that broke out of the wedge) and thus form W2 with W3 attaining ~ $57.
It will be of utter importance to see the reaction @ upper 52's (and probably a good area to scalp on the long side).
I will update this based on pa.
Good luck and remember - never follow anyone blindly, as we all are prone to mistakes.
This is low probability (so far) scenario in which WTI is undergoing (short term) a correction (A,B,C). C, could coincide with 0,5-0,618 fib of W1 up (impulse that broke out of the wedge) and thus form W2 with W3 attaining ~ $57.
It will be of utter importance to see the reaction @ upper 52's (and probably a good area to scalp on the long side).
I will update this based on pa.
Good luck and remember - never follow anyone blindly, as we all are prone to mistakes.
Trade active
Trade active:
Moved from Low Probability to Medium. Be on the lookout for a squeeze though on the long side.