muhiuddin
Long

Elliott Wave Analysis & Forecast, OILUSD, M1, 20160419

FX:USOIL   Crude Oil (WTI)
Crude Oil             just finished its red wave 3 of blue wave C @ 26 and since it has been correcting in red wave 4 of blue wave 3. The ideal target for the red wave 4 is near 60-61 area where we will expect bears enter into market and this area will hold massive resistance. Once red wave 4 will finish, we will see sharp decline in last wave red 5 towards 10-11 area in coming months where we see long term bottom at the end of green wave II. Traders can enter into long near 38.80 and stop-loss just below the daily candle targeting 45-46 area or even higher.

muhiuddin
for more resources visit http://www.tijarat.net
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out