1:5 Risk / Reward On Probable Correction Extension
Hi Guys,
crude traced out an impulsive drop from the Feb. 2018 high. Subsequent wave action looks corrective to the upside.
The correction may be either a zig-zag or a sideways extension as part of a complication. The zig-zag could burst imminently to the downside in terms of a valid and complete Elliott wave count.
This here is a speculative short-term trade idea with a good risk/reward ratio. The trade is active right now.
S/L: 62
Target: 56
crude traced out an impulsive drop from the Feb. 2018 high. Subsequent wave action looks corrective to the upside.
The correction may be either a zig-zag or a sideways extension as part of a complication. The zig-zag could burst imminently to the downside in terms of a valid and complete Elliott wave count.
This here is a speculative short-term trade idea with a good risk/reward ratio. The trade is active right now.
S/L: 62
Target: 56
Comment:
-1.2%