2 scenarios of Elliott waves
I think if UKOIL keeps going down until the end of this week, so it would be confirmed as an ELLIOTT wave pattern and may be have two scenarios:
+ Scenario 1 (blue waves): (a) ~ 43.89 ; (b) ~ 45.76 ; (c) ~ 42.37
+ Scenario 2 (red waves): (a) ~ 42.37 ; (b) ~ 45.76 ; (c) ~ 38.97
Please note that I'm not a trader and just studying technical analysis. So this is just my own point of view totally based on Fibonacci and Elliott analysis for only purpose of sharing ideas.
Thanks for your interesting and sorry for my English.
+ Scenario 1 (blue waves): (a) ~ 43.89 ; (b) ~ 45.76 ; (c) ~ 42.37
+ Scenario 2 (red waves): (a) ~ 42.37 ; (b) ~ 45.76 ; (c) ~ 38.97
Please note that I'm not a trader and just studying technical analysis. So this is just my own point of view totally based on Fibonacci and Elliott analysis for only purpose of sharing ideas.
Thanks for your interesting and sorry for my English.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.