Corrective channel spotted! Cheers!
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Happy trading!
Has oil already been priced at its lowest point on wave 3? What if the fifth wave is done and the bear market is over? Weekly close-up:
Correction's on the way. Happy trading!
Supports & resistances on chart. Happy trading!
All about that wave. No trouble. Happy trading!
When ABC is not enough to correct, then it shall have 5 waves: WXYXZ Happy trading!
If there is a reversal, these double ZIGZAGs could be part of a flat ABC on daily. Good luck!
Fibonacci levels are the targets. Happy trading!
My latest analysis differs from the previous ones on short and medium terms. It will go up until further notice. Good luck!
Expecting ABC for the next months as you see on chart. I am considering this analysis over the previous one. (see RELATED IDEAS). Good luck!
These five waves could be an "A" wave. If breakout occurs, the retracement of the "B" wave (hourly correction) may reach the 38.2% (as you can see on chart). Happy trading!
Primarily I thought this wedge could be a 'C' wave, which means that I was expecting a long term bullish movement . But analysing the wedge itself I can count 5-3-5-3-5. By that, this could be a leading diagonal, which means that it is a 'A' wave or first wave for a bearish movement. (3 waves or five waves downhill). This pair is tricky. Too much manipulation...