This scenario is in play if we break 71 USD:
We are most likely in an impulsive wave 5 starting February 2018. Looking at its internal waves, expect the inner wave 5 to extend to about 80 USD, because wave the internal waves 1 and 3 are almost equal. Other reversal zones to look out for are 75 and 85 USD.
In this scenario, the price action from 2015 to 2017 inclusive (wave 4) is interpreted as a running flat.
In case we don't break 71 USD, have a look at the bear market scenario (in related ideas below).
Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.
We are most likely in an impulsive wave 5 starting February 2018. Looking at its internal waves, expect the inner wave 5 to extend to about 80 USD, because wave the internal waves 1 and 3 are almost equal. Other reversal zones to look out for are 75 and 85 USD.
In this scenario, the price action from 2015 to 2017 inclusive (wave 4) is interpreted as a running flat.
In case we don't break 71 USD, have a look at the bear market scenario (in related ideas below).
Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.
