Hello! Just wanted to share this idea cause this thing really bothers me( sorry for my terrible English) ! I have drawn two fractals the big #1 and the smaller #2 - they are similar .
1. In two cases we have massive drop
2. Then the price goes up in a three wave manner
3. then we have 2 triangles ! the price breached the first triangle down then we had a huge drop to 25 $ or so in 2015-2016
4. Now price breached the smaller triangle down - what next ? are we going to have another massive drop?????
And notice we have an ABCDE Triangle ( the black one -the biggest) and according to It we have the final drop to come in a year or so !
Now I see where the price might be in 2021-2022!
The only thing that I don't understand is -" What the hell will cause such a drop what is going to happen that will push WTI to a price of 20 $ ( or maybe less)???"
1. In two cases we have massive drop
2. Then the price goes up in a three wave manner
3. then we have 2 triangles ! the price breached the first triangle down then we had a huge drop to 25 $ or so in 2015-2016
4. Now price breached the smaller triangle down - what next ? are we going to have another massive drop?????
And notice we have an ABCDE Triangle ( the black one -the biggest) and according to It we have the final drop to come in a year or so !
Now I see where the price might be in 2021-2022!
The only thing that I don't understand is -" What the hell will cause such a drop what is going to happen that will push WTI to a price of 20 $ ( or maybe less)???"