$OIL - Occam's Razor - Short Term Long

NYMEX:CL1!   Light Crude Oil Futures
1112 9 13
... if this is a Ending Diagonal - in wave C we are lacking one sub-wave ... but ... beggars can’t be choosers !
... imo             - the weather in the North Sea and tension between Iran and Saudi Arabia, will give us growth.


Trade closed manually: ... this is our missing 7. sub-wave in wave C.
Saudi Arabia severs ties with Iran, foreign minister says.

Oil futures up 2% so far!
Descending wedge within a wedge already broke out!
+1 Reply
hehe Will Wong
...sure - but this is still question about structure: if this #ED wave C must have 3,7 or 11 sub-waves.
I think there is still room for this ED to complete its structure but I did post a long term EW chart that shows the wave 4 low at the wave 1 high which supports my contention that oil has printed a long term wave 4 low.
+1 Reply
hehe Will Wong
... very interesting.
Will Wong Will Wong
Here is the chart:-

+1 Reply
Could be waiting for that train for a long while as destination E already happened on log chart.. :)
+1 Reply
hehe mika2k1ff
...iIt is said that this is last time ;)
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