It look like Crude has just completed a Ending Diagonal and also broken the upper trendline.
If this is an Ending Diagonal then we can expect Crude to make new highs from here on.
SL : Below 46.40
Target : Last Swing high
It looks like a good long opportunity from a Risk to Reward perspective, I will update as this market continues.
If this is an Ending Diagonal then we can expect Crude to make new highs from here on.
SL : Below 46.40
Target : Last Swing high
It looks like a good long opportunity from a Risk to Reward perspective, I will update as this market continues.
Note
View from the 5 minute chart, expecting a retest of the trendline before the upmove begins, either a buy on dips or a buy on pullback.Note
Note
Retest of the trendline and then movement up, exactly as expected. Note
Continuing up as expected.Note
Note
Should atleast hit 50.Note
Updated Count : 
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.