About meI'm a Trader of 7 years trading Forex, Commodities and Indices. Based out of London and the United Arab Emirates, I trade medium term holding trades for around 1-5 weeks. Welcome to my page and I hope you will benefit from some good information.
Wave 2 of 3 is finished and now looking at a Long move for wave 3.
My Entry would be closed candle above 85405 with a target of 9000. Stop should go at the extreme of Wave 2 moving up on each retracement.
US Crude is reaching the climax of wave B of 2 of the bigger 3.
Use your entry to get in on the C wave short. the c wave is made of 5 waves so enter on the wave 2 retrace of c wave. Target area is 4800.0.
Wave 5 is starting and because of the Price Gap, my analysis would tell me that the wave 5 will close the price Gap where my target will be. This will be classed as a truncation before the ABC sharp move short.
On the breakout of the Ichi cloud, go long for the wave 3 of wave 1. Keep this trend going until wave 5 of 1. Wait for the wave 2 retrace of trade the c wave of wave 2 then resume long for the big impulse up.