WTI Light Crude Oil forum
WTI On the Hourly, a long rally lead to short consolidation to produce a Double Inside Day. There's an EXPLOSIVE move coming, based on that, either to the upside or the downside. The Hourly is in Bullish Market Bias.
WTI Ok, so that's what i see here:we are forming the 3rd Wave of a bigger Elliot wave (yellow letters)
the 3rd wave is like a small elliot pattern inside of the big wave. Wave 1 is often equal to wave 5. (white line)
Wave 5 Ends at the 61,8 Retracement of the overall Fall. here we can see a nice Reaction leading to a retrace. This retrace will form Wave 4. And as long as WAve 4 does not Cross Wave 1, its valid.
so i guess we see a on-going bullish trend near the green R&S Zone. this one is close above the firste Big Wave.
what do you think?
USOIL hmpv 😀 effect
USOIL next week big twist in market.HmpvUSOIL china announce lock down next coming days
WTI Why are the prices going up?WTI The Hourly remains in Bullish Market Bias. This long rally is nearing a top with a reversal coming that can either lead to a retracement (towards 72.931) and/or consolidation to form a new S&R Zone. If the bull run continues after that, then there's the Gap to close at 75.417.
USOIL Nice big bull candles is what we like to seeUSOIL New virus spread in China again pandemic.so crude oil will be down next week
USOIL China's manufacturing numbers are weighing down the positives in the US/EU data. I would pass on a trade today. It has run up far enough.