WTI in weekly chart (Update)
Updated
Hello
I have given my idea and most probable scenarios of WTI movements for its next weeks. Now I just want to reconsider that scenario I think is more probable.
I am pretty sure that we are in a Triangle and I have gotten all confirmations and so what I expect for the next movement is to drop from here and make an ABC for the wave y cycle to end up wave (II) or (b) super cycle which may take around 300 days.
If it wants to become true then we need reliable confirmations.
I have given my idea and most probable scenarios of WTI movements for its next weeks. Now I just want to reconsider that scenario I think is more probable.
I am pretty sure that we are in a Triangle and I have gotten all confirmations and so what I expect for the next movement is to drop from here and make an ABC for the wave y cycle to end up wave (II) or (b) super cycle which may take around 300 days.
If it wants to become true then we need reliable confirmations.
Note
I got first confirmation, waiting for second one.
I do not decide yet until I can count wave 2 reasonably
Note
Wave (3) is in progress.Trade active
It is possible that we see that wave cycle y as an another WXY.
As I said before, we need more correction for wave (II)/(b).
AMA
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.