tst

Expanded flat 3-3-5 ?

FX:USOIL   Crude Oil (WTI)
171 9 14
Watching this price action and it could play out as an corrective structure as per an elliot wave 3-3-5 expanded flat.
Comment:
snapshot
Comment: The reversal at 46.75 WOW...
snapshot
Comment: This could be it the last (long entry) 3rd wave up before a larger short
snapshot
seems like exhaustion? Major squeeze as the procrastinators (likely retailer investors) rollover their futures contracts.
+1 Reply
tst JMNIK
I think theres room to go higher. One more pull back then a top out at 51.30 area ill look for short setup.
Reply
txt, pullback from sub-50 price to what level? thanks.
+1 Reply
JMNIK JMNIK
tst... not txt. it auto-corrected.
Reply
tst JMNIK
We will wait and see. once or if price starts to correct then it should come down in 3 waves ABC... when we see this happen we can start to look for a level :)
Reply
ManojJain maybe something like this .....
snapshot
Reply
Looks possible. Thanks for the response. Could be a slight down early next week.
Reply
tst JMNIK
Yeah correction has started. could be any of the 3 types of corrections shown or something completely different. But if were looking to trade then as a guide we will watch for one of them and buy the break out
snapshot
Reply
tst tst
looks like zig zag
snapshot
Long entry ?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out