manish_damani

WTI as per my view. Combining the concept of NEO wave

Short
TVC:USOIL   CFDs on WTI Crude Oil
As per me crude in upward correction. First reason overlapping structure and second reason time. As to fall from 63.33 to 51.03 it took 17 days. And completion on down wave took 24 days approx ( because as per neo wave rules we have to check confirmation where wave actually ends usually its 5th wave failure). Now it approx 78 days and high of 63.33 won't yet break. Which giving me confidence that market will reverse anytime from here.Rest possible wave count I have tried in charts so those who know neo wave/ elliot wave will surely understand. This is just a view no buy sell recommendation. As entry point yet have to be decided. And target too yet have to be decided. Use strictl sl below lower trend line of rising wedge. Its my personal opinion based on my knowledge. Thanks.
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