Two E.Wave finished on the uptrend side. ABC finished. Smaller uptrend is forming, similar to eurusd structure. Wating for second ABC finish chart pattern.
I put fibonacci on E.W. 0 to 2 peak and chart reachs 300% or higher. Since structure is similar, even if it's small, it should be fine to say it will go up to reach 300% or higher.
Note: Whales will get short now, so it will be safer to go bullish and risk it.
Order cancelled
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Trade active
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*First setup plan was perfect predicted. I apoligize for the comment I writed down.
*Chart is going bearish for volume correction but on oil it can't be identified where will end the correction. *It's a risky trade but for now it is good.
Comment
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Oh,the C doesn't belong there, sorry. A to B is in process.
OIL can reach higher because of the E.W. structure. It can reach 88.475, so, make sure to change tp. to reach target it can do two things: Go straight and fast or do another E.W. toward it.
Ftradorex
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@Ftradorex My mistake. I apoligize for such analysis.