I continue to expect a sharp, short-lived rally in the near term, despite the recent drops in oil prices making me feel uncertain.
The weakest point of my charts is - waves wxy of (b) and [w[]][x[]][y[]] of ii are too complex. Nevertheless, it is my best scenario for now.
If the price exceeds $83.4 or wave [a] high I provide a couple of alternatives in my Weekly Newsletter.
I see no bearish scenarios that allow keeping the previous labelling (which I have comfort with). Therefore, I will refrain from further chart manipulation. I will consider immediate bearish scenarios only if price breaks lower and I have to stop loss my trades.
The weakest point of my charts is - waves wxy of (b) and [w[]][x[]][y[]] of ii are too complex. Nevertheless, it is my best scenario for now.
If the price exceeds $83.4 or wave [a] high I provide a couple of alternatives in my Weekly Newsletter.
I see no bearish scenarios that allow keeping the previous labelling (which I have comfort with). Therefore, I will refrain from further chart manipulation. I will consider immediate bearish scenarios only if price breaks lower and I have to stop loss my trades.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.