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meszaros
Jan 9, 2020 10:12 PM

WTICOUSD long waiting for entry. 

West Texas OilOANDA

Description

WTICOUSD long waiting for entry. The analysis shows two fractals. If we look at the first fractal. You can see how the wave sequences are doubled within the fractal. We expect similar laws in the second fractal. But complicate it. The structure of the second fractal wave is basically larger than that of the first fractal. This is because the distance between the ATR closures (white narrow rectangle) is greater than the second fractal. Consequently, the amplitude of the second fractal volatility is also higher. This analysis was done in a 1W time frame. Therefore, I expect further correction up to the level of 56.32usd. I look forward to turning north again near the correction level. The next target price is 69.39 usd.
Comments
fatboy007
Looking for geopolitical event in 24-32 hours
fatboy007
long this weekend 53.97 12 contracts , could open with gap equally on both side 56
and change or 52 and change
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