Lionheart-EWA
Long

CRUDE-OIL-WTI – Bullish Primary C- Long Term

TVC:USOIL   CFDs on WTI Crude Oil
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CRUDE-OIL-WTI has been trading since Feb 2016 in a Bullish ABC Corrective Structure which is labeled on the chart as Primary ABC (green).

Primary A (green) unfolded as a Zig-Zag , with 5 Waves Sequence in its Intermediates (A) & (C) (light blue).
Primary B (green) completed its Corrective Structure as a Running Flat.

Primary C (green) started its Bullish Cycle with 5 Waves Sequence in Intermediate (A) (light blue), which would mean that the up-coming Bullish Intermediate (C) would unfold with 5 Waves Sequence as well.
Within Primary C (green), Corrective Intermediate (B) (light blue) unfolded as a Double Flat in the Minor WXY (red) Complex Corrective Structure.

Minor Y (red) bounced off the 100% Fibonacci Extensions of Minors W & X, which are also Levels with Points of Interest for Buyers, also 78.6% Fibonacci Retracement of Intermediate (A) (light blue).

We believe that the Corrective Cycle has finalized and that CRUDE-OIL-WTI is about to begin Intermediate (C) (light blue) with a Bullish Rally.

CRUDE-OIL-WTI - Long-Term - BUY Position:

Entry Level - 46.00
SL - 42.00
TP - 62.00
Trade active
Comment:
Comment: Patience is indeed a virtue.

Update:

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Is it the right time for entry level? The price is now at SL level, close to the red dashed line. It could be a great opportunity.
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@BORDOMAVI, you are right, it could be a very good opportunity, good luck!
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BORDOMAVI Lionheart-EWA
@Libeloo24, Thank you, Sl 42.00
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Gopal_Dhamija Lionheart-EWA
@Lionheart-EWA,
Hi sir 5 Abc over ...
then its time for a new large degree cycle up..
See 1 up (ur green circle wave A)
2nd Jun 17 low WXY...
Now 3 up Blasting !
Reply
Lionheart-EWA Gopal_Dhamija
@Gopal_Dhamija, this idea was posted on May 10 2017, please go to the most recent one, thanks
+1 Reply
Gopal_Dhamija Lionheart-EWA
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