Earlier I posted an updated map where I was expecting a simple ABC correction down to hit 31-32 (see related) It emerged as double three WXY instead and the wave (X) ran deeper to retest the start of wave (W) making it classic flat correction. It looks finished as wave C of (Y) unfolded as an Ending Diagonal. It was broken up now and the calculated target is...
The crude oil completed minor correction in wave 4 of (5). The last wave 5 of (5) is pending now. It could hit the area between 36.90 and 38.80.
BRENT OIL ($UKOIL): Demand For Oil is Back, But is the Uptrend? ✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Brent Oil (UKOIL, USDBRO, OIL_BRENT, BCOUSD) prices are seeing momentum again with Brent Crude forming an uptrend after an ugly start to 2020. Will we continue to see strength for oil, or will the lingering excess...
The wave (X) took so long to unfold but at the end the structure is quite simple double three. Another drop should follow to complete the WXY correction.
It looks like there wave 4 is building within double three WXY (yellow). (I warned about it in the update below the idea ) Wave X is in progress. It can hit former top of 32.21 before reversing down to the valley of 28.66. It's rather a sideways range trading. The market accumulates power to continue further up in wave 5 into the blue box. P.S. One could...
Brent crude benchmark could drop in wave 5 down into the blue box target area. The wave 4 could be over already as it emerged within a huge double three WXY. The wave Y is larger than W already.
Brent crude could extend it's corrective structure making a double three WXY. watch blue box area of 50-61.8% Fibonacci retracement for further clue. This an alternative view to augment the earlier posted idea. (see related)
Same story as in S&P 500 (see retaled) as global pandemics undermined the economy. Target 16 is a minimum to retest the former low.
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...
all in chart that you can see , good for buy and investing
USDBRO is expected to drop to 1st support at 60.28 where it could potentially react off and up to 1st resistance at 63.90. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and...
USDBRO bounced off 62.04 where it could potentially rise further to 64.30. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
USDBRO reversed off its resistance at 65.50 where it could potentially drop further to 62.82. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...