Please do not be misguided by seemingly detailed outlook. The path I drew is for illustration purposes of what might happen. Those who follow me know that I continiously reassess and adapt charts.
Wave 2 is too complex and rare combination to bet your life savings on. The whole thing can turn to be something else, but for know I choose to stick to this scenario. If the price drops below 70, I will treat it as a confirmation of my scenario.
Wave 2 is too complex and rare combination to bet your life savings on. The whole thing can turn to be something else, but for know I choose to stick to this scenario. If the price drops below 70, I will treat it as a confirmation of my scenario.
Comment:
Sorry I made a mistake in labelling nested waves above. Here's the corrected chart
Comment:
one of my experienced EW colleagues sees an immediate bullish alternative. Just to warn you that different analysts see completely different outcomes using the same tools.
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts