glennmercer
Short

OIL Road Map: We've Entered a PRZ

TVC:USOIL   WTI CRUDE OIL
2 months ago
Hey traders! Oil             has entered the next watch level after an extended corrective bull wave. An alternate bat is complete at the 1.13 projection of the (W)/(X) wave. I expect some resistance at these levels. The short target is our unhit pivots. I expect further drop twoard low 40's after that to complete (Z). More updates as the tide rolls. Happy trading!
2 months ago
Comment: Hey traders! Today we witnessed what could possibly be the first sign of breakdown back into the mid 40's. The count suggests one more pop before the drop, but the final wave will tell us more information. I will sell this rally if/when it occurs. Cheers

snapshot
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RuhailKhan
2 months ago
your analysis are always wonderful and very interesting. master of elliott wave
+1 Reply
glennmercer PRO RuhailKhan
2 months ago
Thanks Ruhail! I will continue publishing
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RuhailKhan glennmercer
2 months ago
I am using motivewave for elliott wave.
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waverider01
2 months ago
thanks sir . sir your earlier count is cancell . pl confirm sir
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glennmercer PRO waverider01
2 months ago
Wave rider, yes this recent bullish rally is not a typical third of a third wave. I will publish a chart to explain why this is the new best count. As new waves reveal themselves, it is important to consider all possibilities and trade based on the preferred count. More to come
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sanjayplayer glennmercer
2 months ago
will always welcome your chart and detailed analysis
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JorgenValentin
2 months ago
So stil in play ?`
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glennmercer PRO JorgenValentin
2 months ago
Jorgen, yes still valid best count. Will publish more this weekend on OIL. Cheers
+1 Reply
piptamil
2 months ago
Thanks Glenn...Any thoughts on silver in the reversal zone ???
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glennmercer PRO piptamil
2 months ago
Piptamil, yes lots of thoughts. I will publish more on commodities this weekend. Cheers
+1 Reply
piptamil glennmercer
2 months ago
Thanks Glenn...
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BorisMisale
2 months ago
Thanks for this idea !!
Enter now looks good, what do you think ? Are you still bearish ?
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