Our priority scenario in CL remains the same. A fall in price to $72.37 looks most likely. In case of growth above $80, this scenario will be cancelled.
Our preferred scenario in CL is confirmed by the price action. We assumed a decrease in CL in the corrective wave (b). The down move looks complete or nearly complete, with wave (c) up to $79.87 most likely. For our scenario, the critical level is $72.37. A price drop below $72.37 will break our markup and change our view.
CL
In past reviews, we showed our priority scenario, the price drop almost led to the $68 level that we indicated as a target. Most likely this goal will be fulfilled by the market. Our scenario allows a pullback, but not above $75.50 - this level cancels the fall scenario. Let's see how the price near $68 will behave.
For timeframes m5. Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗
ibb.co
Today's matrix for intraday trading on m5 timeframe.
Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 12-20
My trading is based on market...
For timeframes m5. Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗
ibb.co
Today's matrix for intraday trading on m5 timeframe.
Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 12-20
My trading is based on market...
For timeframes m5. Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗
ibb.co
Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 12-20
My trading is based on market phases by Wyckoff.
