trader3422n

trader3422n Updated 

Expecting this pair to reach parity within the next weeks. Bearish wave on the daily chart still looks impulsive.

trader3422n Updated 

Currently trading the upwards correction to 60-70. Then I am afraid we are going to see oil collapse in price..

trader3422n Updated 

Guessing one more down inside the wedge now

trader3422n

Take a look at the geometrics and waves in this chart. There is a wedge now on the weekly timeframe that could break within Q1 2017. The correction phase that has been building since 2015 is gaining momentum, making a break upwards from the wedge more likely.

trader3422n Updated 

Current minor bearish trend on hourly charts is probably just a minor correction in the bigger picture. If green trendline is holding, look for buy position trading opportunities (remember roll over for next monthly wtioil future contracts is in a few days though, and next it's trading lower).

trader3422n

Currently seeing a small pullback after the breakout of the ascending triangle. More upside ahead on par with fundamentals and long time bullish trend.

trader3422n

Expecting a minor pullback soon before continuation of intermediate wave 3 of the 5th impulsive bullish wave on the weekly chart.

trader3422n

This wave count suggests we're in a wedge shaped A primary wave. Leading wedges have the wave count 5-3-5-3-5 according to Elliott's wave theory. The wedge is becoming very clear on this timeframe, and to sum it up no matter if the wave count inside the wedge is correct or not, we should short term expect more downside towards the lower side in the wedge, for...