A possible Elliottwaves scenario.
AS explained in the chart!
WTI Light Crude Oil Weekly Chart 24th November,2018 Could we see a more crude drop? In any case a Short to Medium Term correction may be due as shown in the chart! Sustain trading below the pink trend line may delay sizable correction!
Current crude oil price may retrace to as high as 58.8, then a possible new drop to as low as 53.5. Then a big correction may followed to trade higher above $60/bbl. LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl. ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!
A possible Elliott Waves count!
WTI Light Crude Oil 15m Chart 13 Nov., 2018 17:55GMT A possible wave count for perhaps a short term bottom??
Chart shows a strong trend line support is coming up. If the trend line shows strong support, then a sizable north may be in the card.
As shown in the chart!
This might be logical wave Elliott wave count which suggests the gold price may achieve final long term correction to hit the red trend line at around $1000/ounce may be before or after 2020.
The S&P 500 may still to continue it 4th wave correction as showing the chart. It may drop back to 2720 area for consolidation before resuming final 5th wave to achieve a historical all time high to set the stage for major painful crash.
DOW JONES INDUSTRIAL AVERAGE DAILY CHART 10th October, 2018 Back in July 26th we expected the recent sharp drop. As showing in the chart this could be or even get better level to buy for eventual all time high target around 28000 area during the forthcoming weeks.
A possible Elliott Wave count shows the index to trade higher for a target that the it may drop sharply or a crash.
Could be a final fantasy's scenario for US$20/bbl or lower in months to come. As shown in the chart Crude may trade lower to as low as $72 area then higher to meet objective at $80/bbl. Let us see how the trend is developing!
A possible trend for the EUR/USD with Elliott Wave count. Is it possible the LT currency trend goes lower to as low as parity or even lower?
WTI light crude oil is set to trade higher for a possible target of $80/bbl. From this level crude may resume trend lower for many months to come for eventual target of $20/bbl or even lower. ONLY sustain trading for many weeks negate this scenario which may allow it to trade higher.
A possible Long Term Scenario for the GBP/USD using Elliott Waves Count.
This may be reflect a possible Elliott Waves Count for the pair!