Simple chart analysis for OIL
Updated
Two E.Wave finished on the uptrend side. ABC finished. Smaller uptrend is forming, similar to eurusd structure. Wating for second ABC finish chart pattern.
Note: Whales will get short now, so it will be safer to go bullish and risk it.
- I put fibonacci on E.W. 0 to 2 peak and chart reachs 300% or higher. Since structure is similar, even if it's small, it should be fine to say it will go up to reach 300% or higher.
Note: Whales will get short now, so it will be safer to go bullish and risk it.
Order cancelled
Trade active
*First setup plan was perfect predicted. I apoligize for the comment I writed down.
*Chart is going bearish for volume correction but on oil it can't be identified where will end the correction.
*It's a risky trade but for now it is good.
Note
Oh,the C doesn't belong there, sorry. A to B is in process.Trade active
Trade can be cancelled.
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