Darenth

UPDATE: Short? Watch out! Next week is the key!

NYMEX:CL1!   Light Crude Oil Futures
741 8 16
4 can be some kind of 2 (running correction)...but I don't think EW will work on oil.
Reply
CAD formed the same ending diagonal like structure.
Reply
Darenth PuffingFX
Yep, it looks like, but it is not strictly ED, because W1 and W4 do not touch.
snapshot
Reply
Agreed, not ED.
Reply
In Elliott Wave theory, wave 2 cannot never be a triangle ! I would therefore suggest that you might consider labeling wave 2 circle at your current (c) wave and then you have a beautiful wave 3 circle which is probably ending (or has ended) soon. Just my thoughts !
Reply
ur target will be around 30 before longing?
Reply
Respect your views but I guess wave 2 can never be a triangle therefore the labeling seems incorrect although it can be labelled as an ABC correction instead of 1-2-3
Nice analysis by the way :)
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out