Update on below idea: Thinking oil is correcting now but still in an impulsive move downward overall. If price gets above $39,46 then it would invalidate this theory.
UKOIL to climb from its upside confirmation at 40.68 where it could potentially bounce further to 42.28. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL to climb from its upside confirmation at 40.68 where it could potentially bounce further to 42.28. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Update on the below idea: Oil has hit the .236 extension but could push up to higher extensions...If this 5 wave theory is correct then there should be a large correction coming.
Small timeframe idea for oil. Could be ABC or wave 3 completing at $3990...a break above $40,86 could lead to a new high above $41,62 or be part of a more complex correction such as WXY or WXYXZ, a break below $39,90 could lead to a new low toward $39,50 for wave 5
UKOIL reversed off its resistance at 42.71 where it could potentially drop further to 41.88. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Update on below idea; maybe wave 4 is finished now, or a still correcting, hard to say.
UKOIL reversed off its resistance at 42.78 where it could potentially drop further to 41.88. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL bounced off 41.66 where it could potentially rise further to 42.74. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Couple of theories in one chart on how oil might move in the coming days. Scenario 1 (white) - Correction is already completed at $34,58 and now in an impulsive move towards mid $40's; A break above $40,61 would look good for this theory. A break below $37,42 could play out scenario 2... Scenario 2 (orange) - A correction is still underway in WXY form, price...
Follow up on the below idea, possibly a slightly more complex correction under way
UKOIL bounced off 40.04 where it could potentially rise further to 40.91. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Small timeframe idea, possibly in wave 2 or B correction which could reach $36,40 > $36,96
Key levels, potential scenarios and trading plan for WTI crude oil. Please, like the idea and leave a comment! Thank you :)
UKOIL/USOIL idea long I expect a long. There was a breakthrough of the bull triangle, I will expect correction and continued growth to 39-39.60
congrats we made it Target overall done now next target is 40 let's see if we can make it