TradingView
EverythingForex
Nov 2, 2015 1:16 AM

USOil: DAILY CHART: Guessing wave 4's Movement 

Crude Oil (WTI)FXCM

Description

In this DAILY chart, I am attempting to chart the future movement of the wave 4. Of course, many times, attempting to do so is folly as wave 4's are notoriously difficult to project. But nonetheless, it is helpful to get a general sense of it's possible movements so as to be prepared.

Here, I am projecting a possible a WXY double combo wave flag pattern. if prices were to go up and reach the upper TL of the flag and reverse down from there, then the likelihood of this pattern forming increases. Till then, might be better to watch and wait....
More