WTI in daily chart
Updated
Hello
I don't think it is necessary to repeat same expressions because it is really boring. What is happening in OIL market is to decrease the price and increase the sell power to balance it.
WTI was able to penetrate into our resistance level and it is making a first wave. We traders should change our decisions whenever it is necessary and never insist in our ideas. For now I am following the bearish market for Oil. I am not sure how long it can correct (may till Trump becomes US president) and we have to decide fir short-term because Oil (as I mentioned in my last ideas) is in a consolidation (range) are with many R/S level.
Thanks
I don't think it is necessary to repeat same expressions because it is really boring. What is happening in OIL market is to decrease the price and increase the sell power to balance it.
WTI was able to penetrate into our resistance level and it is making a first wave. We traders should change our decisions whenever it is necessary and never insist in our ideas. For now I am following the bearish market for Oil. I am not sure how long it can correct (may till Trump becomes US president) and we have to decide fir short-term because Oil (as I mentioned in my last ideas) is in a consolidation (range) are with many R/S level.
Thanks
Note
if it rise and break out 79.3 resistance zone then it might continue up to 81 - 83 to complete wave 2 and then drop.Note
I hope wave 3 that I predicted happens this or next week.You know why, because it means a temporary peace in Middle East my friends.
Thanks
Note
It seems that our wave 3 has started to dive down the market. Fill you gas tanks as much as you want ;))))
Note
do not forget this alternative.I know, it is confusing when we have many alternatives and this is why I mentioned this consolidation area (range zone) challenging. I do not recommend to trade as long as it has not completed bearish trend
Note
If you see this scenario then you can see that even this scenario can be true.
This is why invalidations are more important than confirmations.
AMA
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