Heating oil futures HO - It completed the impulse up cycle from the major bottom as expected in earlier updates. Now it is in corrective mode, so expecting small bounce of B wave up, which will be good opportunity to sell it down for C wave.
Give thumbs up if you really like the trade idea.
Price breaks above resistance zone.
I am seeing price to go up higher.
1.26 support zone.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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HO futues - It is in 4th subwave of 3rd wave up as corrective cycle and expected to go down up to 1.35 level to finish it. Buy within that zone for next up cycle for higher high as target. The invalidation level of EW count is 1.2981.
Give thumbs up if you really like the trade idea.
Heating Oil futures HO - It is in ABC zigzag from major top and C wave is in progress. Sell it in 3rd wave down with stop level above 1.252 in slight bounce for target zone below 1.175 - 1.155 zone.
Give thumbs up if you really like the trade idea.
Heating oil futures - HO - It dropped in impulse wave A down and expected to corrective up move as wave B, which might end between 1.236-1.258. So wait for B to finish in choppy price action. Thereafter C wave will expected to go down.
Give thumbs up if you really like the trade idea.
*** If you don't understand this graph, you could take the time to study Elliot's waves (basic of my strategy), sitting in your houses doing nothing ... don't make money, study! You will not get rich by wasting time and playing video-games. #QuantumMentality
PD: In quantum-analysis the future is predictable, start reading about quantum physics, and stop watching...
