alansdu

alansdu

Oil might have finished the wave 4 (ABCDE) correction and started the wave 5 up. Based on EW theory the wave 5 target is similar to wave 1 if wave 3 is an extension one which means it will go up for 10 dollars. If the start point of wave 5 is 56.51, the target will be around 66 which is also an important resistance level. The dxy confirms this up trend which...

alansdu

UK oil is inside a symmetry triangle now. Pay attention to which side will be broken. Based on triangle pattern target prediction, it will move the same distance with bottom triangle line which means there will be 5.8 dollar moving up or down after braking. My suggestion is open position based on the break direction with sl inside the triangle. Enjoy the trading!

alansdu

A potential HS pattern appears in us oil. I am just waiting for breaking out of the neck line to confirm the pattern. Good luck!