matty78

matty78 Updated 

Currently we are on wave 4 on second Elliot cycle, i am confident we have 3 important supports: 48.62 on the first neck line, if broken the neck line, second support at 47.67 and last one at 46.22 where we have the first important neckline started from end of the first corrective cycle. After that, we going to catch a new maximum up to 53.

matty78

Base of Elliot cylce and base of the previous neckline and the new one on the new cycle of Elliot, i think WTI can drop to a support in area 47.76. After this a confirmation of break out of neck line and extension of 4 wave or rebound with wave 5 to rech and new maximum.

matty78

I added on my view, the projection Gann togheter Elliot corrective waves ABC. It's possibile the brexit result already created the last wave C, friday the price touched the 2/1 Gann line, and we have possibility of broke this, go to a support of 44.15, and extend a wave at 41.53. But i more acceptable the 44.15.

matty78

It's possibile the brexit result already created the last wave C, friday the price touched the 2/1 Gann line, and we have possibility of broke this, go to a support of 44.15, and extend a wave at 41.53. But i more acceptable the 44.15.

matty78

After a cycle of Elliot, the brake chanel form WTI at 26, maybe can confirm the starting cycle correction, where A broke the channel, and C ending in area 44/45