MAN OIL LOOKS F**KED. WHY? WELL IT LOOKS LIKE WE ARE IN A HUGEEE FLAT , FROM THE LOWS WE CAN SEE WE NEVER MOVED UP IMPULSIVELY , IT WAS ALL CORRECTIVE WAVES. SO WHEN YOU COUNT THE WAVES FROM THE TOP WE CAN SEE THAT WE MOVED DOWN IN 5 WAVES FOR THE FIRST SEGMENT AND THEN MADE A 3 WAVE FLAT AND NOW WE CAN ONLY ASSUME THAT WE MIMIC THE FIRST SEGMENT. NOW SINCE THE FLAT WAS CONFIRMED WE MOVED DOWN IN 3 WAVES AND NOW WE'RE ANTICIPATING THE 4TH AND THEN 5TH WAVES RESPECTIVELY. IF W5 IS 0.618 OF W1 THEN OUR TARGET IS $14. THIS CHART IS MORE OF THE LTF PLAY BUT I WILL POST AN ADDITIONAL LINK IN THE RELATED IDEAS SO YOU CAN SEE HOW MY HIGHER TIME FRAME ANALYSIS FITS TO THIS PIECE. I WILL CONSTANTLY UPDATE ON OIL HERE.
Comment:
- HTF CHART IN THIS LINK WITH THE TIME ANALYSIS . THIS IS NOT A FINANCIAL ADVICE. THIS IS ONLY MY OPINION