Oil prices remain surprisingly buoyant. I remember reading in "The Market Wizards" that if the markets shrug off bearish news, it is a bullish sign.
However, the situation reminds me of a miniature version of the 2011-2014 period, where prices remained in a sideways correction for two years before suddenly plunging in a flash.
However, the situation reminds me of a miniature version of the 2011-2014 period, where prices remained in a sideways correction for two years before suddenly plunging in a flash.
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📏 Chartopedia, with examples of applying ElliottWave to real world charts