From previous update,
www.tradingview.com/...dle-in-last-tranche/
At 47.35$ -I expected that we shall see some more correction downside till 45.50-45.70$ in c-wave of 4th Wave. We got that move exactly as expected but it got extended & even went below 1st wave top which is likely not permitted as it is violation of Elliottwave rules- 4th wave cannot enter 1st wave territory or 1st wave top@43.52$.
Well, I have modified my count The reversal which I was expecting is giving me a hint that Oil has likely put a low c-wave of 4th wave@43$- so keeping that as key level & 41.10$ as critical level - we shall be looking for 5th wave advance in the zone 51-52$.
Here, as there is an overlap - I am considering this structure as an expanding leading diagonal.
Regards,
Abhishek H. Singh, CMT
www.tradingview.com/...dle-in-last-tranche/
At 47.35$ -I expected that we shall see some more correction downside till 45.50-45.70$ in c-wave of 4th Wave. We got that move exactly as expected but it got extended & even went below 1st wave top which is likely not permitted as it is violation of Elliottwave rules- 4th wave cannot enter 1st wave territory or 1st wave top@43.52$.
Well, I have modified my count The reversal which I was expecting is giving me a hint that Oil has likely put a low c-wave of 4th wave@43$- so keeping that as key level & 41.10$ as critical level - we shall be looking for 5th wave advance in the zone 51-52$.
Here, as there is an overlap - I am considering this structure as an expanding leading diagonal.
Regards,
Abhishek H. Singh, CMT
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)