This is an updated analysis of the price activity since my last published idea concerning WTI crude oil.
I believe we have completed the corrective process to the initial down wave that occurred May 8th.
This is ending as an ending diagonal of "C" as labeled on the chart.
I am expecting a downward move in prices in the very near term.
I believe we have completed the corrective process to the initial down wave that occurred May 8th.
This is ending as an ending diagonal of "C" as labeled on the chart.
I am expecting a downward move in prices in the very near term.
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We are in the .786 Fib retracement zone. FWIW
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Market is quietly breaking trendlines at the potentially significant .786 retracement level. If I have this mapped out correctly you'll want to be looking to act in the near future.
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Comment:
This potential trade is testing one's limits
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Here is my price projection.
