AndyM
Long

CAD, Crude, RUR - wave 4 is in place, last advance to follow

FX:USDCAD   U.S. Dollar / Canadian Dollar
896 2 18
Hi All,
This swing low in CAD and swing high in Crude that occured yesterday and today mean that wave 4 of the decline in Crude is in place. Wave 4 is very often a powerful counter-trend move which gives a false impression that the trend has reversed. Once the crowd positions inself for trend reversal, the trend will resume in w5.

So, awaiting wave 5 decline in Crude and the corresponding decline in SPX             over the course of the next two weeks. Note that the decline in Crude can be quite a big one - SPX             is by far not done falling, so something spectacular still needs to happen. Prepare for the unexpected.
Hi. It matches my long term Analysis exactly to the same wave count. However, I expect the current retrace to go down to 1.38 levels, where we see a strong support. Bear in mind that Brent Oil may go up to 36-37 dollars. Regards and good trades.
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A great analysis again! I started to believe that one can make a living with just following your analyses lol
+1 Reply
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