WTI COULD DROP TO 26 IN NEXT 2 YEARS Short

TVC:USOIL1W

WTI CRUDE OILTVC

Description

⋅ Nov 7, 2019 7:19 AM

While Price is bellow 75, bearish wave is still valid, expected final Price bellow 26

Comments

4thewin

⋅ Nov 8, 2019 4:08 PM

I have a similar outlook.

4thewin

⋅ Nov 8, 2019 4:26 PM

@4thewin, your count has wave 4 going into wave 1 in your C wave count which is not allowed I don't think

JMADArc

⋅ Nov 12, 2019 3:26 AM

@4thewin, Thanks for your note.

Yes, you are right, the wave (4) ($75) cannot go into wave (1) $76.75, however in contraction fase there are exceptions of Elliot Wave rules allowing minimum invasion of wave 1, thats why i considered this count.

The ABCDE sounds good, the important think is that we have a bearish count, and maybe the difference could be the target, 33 vs 26

Thanks