Crude Oil 4Hour EW details

FX:USOIL   CFDs on Crude Oil (WTI)
81 7 4
Oil             is very close to completion of a wave (2). There is one dip in RSI remaining and simultaneously PMO             is still in sell mode (possible target 42.26). The ensuing wave (3) could lead prices towards 52.16 and even higher. The situation (i.e. overall trend) will be re-evaluated afterwards, by examining the next correction characteristics.
Great symphony) totally agree
waiting for same scenario on Brent
+2 Reply
cfetrader Andrey.Ustinov
Thank you Andrey. EW should carry prices upwards via a 3rd wave. Afterwards we are faced with 2 options as follows:

+1 Reply
+1 Reply
cfetrader Yahia.Awes
Thank you LK, particularly since this appreciation of my work comes from an expert as yourself.
+1 Reply
Yahia.Awes cfetrader
You are an expert yourself... I saw this coming 6 hours ago.
+2 Reply
cfetrader Yahia.Awes
Nice chart. All trend lines define well the directional probability.
+1 Reply
Yahia.Awes cfetrader
+1 Reply
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