zhipengcfel
Short

Elliot wave analysis on oil (2016-01-17)

FX:USOIL   CFDs on Crude Oil (WTI)
The elliot wave analysis is shown on the chart. Oil             has broken the triangle of wave 4 and might will retest the triangle and go down again.

Good luck for everyone!
Great wave count you got there....... And don't forget that wave 5 in commodities are strong.... 26-25 level can easily come by
+1 Reply
Thanks. The target of wave 5 is around 25. You will see it if you zoom out the chart. But the minor wave iv might retrace to 31~32 level and then continue going down to complete the wave 5.
+1 Reply
Oil might retrace to 31~32 dollar to retest the triangle first and then go down to complete the minor wave 5.
+1 Reply
zhipengcfel zhipengcfel
Oil gets supported at the bearish channel.
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out