US OIL ANALYSIS - DAILY VIEW
Hi Traders,
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B).
After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave.
Looking for hundreds of pips on this long position!
Carlos
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B).
After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave.
Looking for hundreds of pips on this long position!
Carlos
Related publications
Disclaimer
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.