WaveGenesis

USOIL - Nearing the End of the Trend - OIL Collapse Ahead

TVC:USOIL   CFDs on WTI Crude Oil
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After OIL hits the $80 area and 5 waves up since 2016 are complete prices should collapse to around $15.

The rule of alternation means waves 2 and 4 are different in complexity.

Wave 3 slopes more than wave 1 which means that there is a lot of downside pressure and is only acceptable because this is a corrective wave.

Wait for a break of the trend line before confirming that this is the case.
What about a chart on small time frame? Thanks.
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what indicator is that psk?
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@dh55, It's Martin Pring's Special K indicator which based on rate of change (ROC).
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