whenever tk and ks overlapped each other it means that price will be back toward flat ks and then continue its trend .
we can see several examples across different markets including forex and energy market for this pattern .
here for WTI on monthlies timeframe such pattern seen indicating price will be headed toward 65$ or 50%fibo level or lower @56$ at 61.8% fibo level.
we will refer to lower timeframe for predicting waves structures more accturate.
we can see several examples across different markets including forex and energy market for this pattern .
here for WTI on monthlies timeframe such pattern seen indicating price will be headed toward 65$ or 50%fibo level or lower @56$ at 61.8% fibo level.
we will refer to lower timeframe for predicting waves structures more accturate.