"Somebody" sees Oil/Crude//UWTI has bottomed? Bullish EW-count
On the 4 hour chart I see the following bullish signs:
Red W3 and W5 was made on a positive divergens
Orange W1 was 5 waves up
Orange W2 is a triangle that needs to make the last E-wave (That could be very brief back to the 50 fib line or less - the 61.8 that makes a 38.2 retrace (very common)
EMA 13 has crossed EMA 34
The count above is the very bullish count
We could as well just see an ABC up instead of 5 waves up - Time will tell!
Safe trading ladies and gent!
@BLawrenceM
Music at work:
www.youtube.com/watch?v=-imsFwio...
open.spotify.com/tra...n6qyOJYNwP9nhGg3L7dV
Red W3 and W5 was made on a positive divergens
Orange W1 was 5 waves up
Orange W2 is a triangle that needs to make the last E-wave (That could be very brief back to the 50 fib line or less - the 61.8 that makes a 38.2 retrace (very common)
EMA 13 has crossed EMA 34
The count above is the very bullish count
We could as well just see an ABC up instead of 5 waves up - Time will tell!
Safe trading ladies and gent!
@BLawrenceM
Music at work:
www.youtube.com/watch?v=-imsFwio...
open.spotify.com/tra...n6qyOJYNwP9nhGg3L7dV
