UKOIL ELLIOT WAVE ANALYSIS

Hi traders
this is my new idea of UKBRENT OIL I believe we are about to finish the downtrend and start a bull trend afterwards.
ALWAYS DO YOUR REASEARCH...THIS IS MY PERSONAL POINT OF WIEW AND IS PRONE TO GET INVALIDATED SO DYOR
cheers!

Trade closed: target reached:

as you can see we had an extended wave 3 that in most cases wave 1 is roughly equal to the wave five as it is shown in the chart...this is the beauty of EW
always do your own research !!!!
cheers!

Trade closed: target reached:

running well

Comment:

I labelled the wave 4 , i didnt expect to see a long wave 4 but consider that Ive got an invalidation level that if it gets broken my analysis will be wrong
AS ALWAYS DO YOUR OWN RESEARCH!
CHEERs

Comment:

the zone 92.44 should never be broken otherwise my whole analysis will be failed.

Comment:

I hope you used my fifth wave analysis

Comment:

welcome to the fki ing winter.