FX:UKOIL   CFDs on Crude Oil (Brent)
446 6 13
Crude Near completion of it's 5 of 3 of 1. Wait for a wave 4 pull back.
Hello! I have virtually the same wave count, but there is a big question: are we now in wave 4 after 1-2-3 completed OR it was an A-B-C correction instead of 1-2-3? Have you considered the count in which the oil had not yet reached the bottom?
Hello Room722, we are in wave 4, I had plotted the Oil crash and expected to have bottomed out at $28(this is when crude was trading around $70), missed the forecast by $2. regardless. my belief is that this 5 wave structure is of wave 1, and crude will be trading at all time high soon.(couple of years).
Room722 RahulNagpal
Thanks for your opinion and sharing the idea. Good luck)
Thanks Kay!
shanmugamriders RahulNagpal
Hi Raghu bro, can you please explain a little ?
Great count you got there
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