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lilybahari
Mar 14, 2022 2:05 PM

Crazy idea! Oil will be back to ~70 Short

Description

I am trying out a technique called Wolfe Waves. You can google WW to learn about it.

Technically, by using this technique, oil will be back to ~70, into the trend. Then, the number '5' here shall be a fake break out.

Fundamentally, the current war may have a positive worldly-meaningful expectation soon.

The drop-into-the-trend may look crashy. We will hear a little chaos/fear/shock/whatever. But technical trader may remain calm and just look at the chart.

Additional idea, Oil will make Double Top (better if confluenced by a positive news) and take the Big Round Number 130.00, before crashing.

Like/Follow/Comment if my idea is any helpful.
Comments
hamidreza_FX
Amazing chart
lilybahari
@hamidreza_FX, the simpler, the better! Thanks!
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