armandogui

What does Crude Oil do in the meantime ...?

Long
NYMEX:CL1!   Light Crude Oil Futures
Thanks a lot for your trading ideas, but... You recognized the trouble with the upward going trendlines (channelling) starting in April '20. If you put a trendline on top of wave (1) - to the top in March '22 and then a parallel copy to the beginning which was at minus 40 $. You come to another idea. W-X-Y upward.

The RSI reaches its highest level at the end of a wave 3 or C.
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