anilmangal

USOIL wave structure.

FX:USOIL   Crude Oil (WTI)
5657 16 169
USOIL             is at the top of a possible down channel , if it breaks out of this channel then that will confirm the longer term up trend. There is a possibility for a retest of the lows before the yearly up trend starts.
I guess we will see very soon.

Trade with care
Thank for your support.
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Hi Anil, Beginner at elliott wave so go easy if im way off.
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A possible false breakout?
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@anilmangal oil up to 59.55 soon. agree ?
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hey anil.... have oil breckout from your down channel or it still needs to move higher for the breckout?
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wait to see if it consolidate our of the down trend
+2 Reply
Top notch man
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43.75 is a key level
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animalangangangan
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same boat but i am not expecting above 50 dollar although it is possible but does not look convincing to me.
+1 Reply
Just wondered, why an outbreak is expected when there's not 5 waves yet. Can the sequence be interrupted like that?
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