WeTradeWAVES

OIL correction upwards and then down

FX:USOIL   CFDs on Crude Oil (WTI)
Expect USOIL to make a big down move in the coming weeks to complete the bigger corrective structure, but first we will go up to complete the complex correction. we will be waiting for this down move to complete and then will look for buys at cheaper price.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves

Comments

Any projection on how high the price goes and what the resistance level will be before it turns downward for the correction?
Reply
@Ken21, somewhere around 43-45 range before any pull backs
Reply
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