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The poor slope suggests we are ending a C leg. WTI (and DXY) will decide which side we go though. Here is the count I posted last year Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour timeframes. Cryptos...
These are my thoughts on NBR. They are meant to give you an idea, not trading advice. Can this break to the upside tomorrow? I think so, will definitely be watching this! Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
Green box: 30-31.25 We need an ABC down and the usual confirmations before hitting our box.
After following NYSE:NBR for a few days and studying some of the fundamentals, I concluded that this could be a possible mid-long trade. On Monday after seeing the price dropping I decided to enter a buy order at 2.00 even after seeing support to be at 1.98. My order filled this morning at 2.00 and saw it taking off. I decided that if the trend continued, I'd...
NBR has broken down a 3 months correction. Look to the price action for a potential pullback and one more wave down.