We are in the last wave C of (Y) of ((B)) - it is a correction. The wave C almost reached the distance of wave A. The wave (Y) already hit 1.272 of (W). Watch breakout of the yellow downtrend. The target is the former top of wave ((A)) at 23.20 where the wave ((C)) will reach 0.618 of the former. If it breaks above on a strong impulse than we can reach 26 where...
Hello everyone! Traders we do not like to write more. The prediction of the price you can find on a chart! Regards, Team Traders "Powerful Traders" brent
Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals. These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB. If you like what you see, please fell free to hit the Like button and leave your comments. Disclaimer: By viewing this video you fully accept and agree that it...
It is possible for oil to move this way that is not popular these days as most of people waits for huge drop. Large correction implies the strength of oil price above 100+. It will be the second leg of the last move to finish large wave B. Then it should drop to complete the whole structure within wave C. What do you think? Please share your comments below
There will be no miracle. Less revenues from falling oil market will drag the index lower as it should be around 800 already and could hit 530 when the oil would retest a multi-year low. The correlation index for the past 12 months shows negative correlation but it is a temporary situation as on the longer periods (20+ months) it is positive. This will change...