WTI could remain in its range for a while.
I am long since 50.41.
I am long since 50.41.
Note
Very precarious situation at the moment. Today should stay over $ 50 and close, otherwise the next deeper goals would be:49.59
48.24
45.23 and in the worst case 43.47.
Note
Should it drop to 48.10 in February, it won't be that bad either, because I'm pretty sure that it will rise to at least 57.87 after that.The blue box is 100% profit!
Note
It could be possible too. Note
If wave 5 is still in demand, then after this H4 candle, 2 more would be enough. That means 48.10 would be reached in a little less than 12 hours.
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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.