NeeravYadav
Short

Wti Crude can go down till 40$, worst case scenario 32$

TVC:USOIL   WTI Crude Oil
Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I'm taking that as the Secondary Count.
The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see lower levels of atleast 40$ and can even go down till 32$ to complete the Wave C.
T1 : 40
T2 : 36
T3 : 32

Only if the price gives a small impulsive looking 5 Wave move up and then consolidates then it could be the likely case that the Wave C is actually a Wave 2 and then only we will consider the Secondary Count.

Invalidation Stop : 49 (However we will have to trace the waves to see for a more tighter stop.)

Watch my detailed Analysis on Youtube : https://www.youtube.com/c/50EYES

Video course on Elliott Wave : http://50eyes.com/elliott-wave-course/

1 Year Interactive One to One Training : http://50eyes.com/training-program/

I think 40 will hold until Opig deal falls completely apart. Probably some take down of some inventories this week due to "maintenance" switch overs etc. except the gulf and distilled products due to shut down of Pipeline. yeah that's a REAL LOOSE stop!!
Reply
I have just marked the invalidation point, stop can be taken at swing high of the future Wave 4, I mean we can use trendline break of Wave 4 for trade initiation and the swing high of Wave 4 as stop.

Thank you for commenting.
Reply
hello your analysis is perfect
Reply
NeeravYadav PRO waverider01
Thank you for commenting.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out