OmarJundi

OmarJundi

Oil Bigger Picture Check out my other smaller time frame analysis

OmarJundi

FX:USOIL Might have finished its wave 4 of C correction for a final leg up above 51.50$ The above is more likely due to the daily Doji so expecting a turn to the upside next week The up leg might even extend to 60$ level. whereby at these levels FX:USOIL i expect that the Major ABC correction would finish and the continuation downwards to sub 25$ level

OmarJundi

Final 5th of 5th Wave Leg up to 1390s Area then Major reversal

OmarJundi

GBP/JPY completed B Wave at exactly 78.6% Fib level marking the start of Wave C with a target of 227

OmarJundi

Gold Swiftly finished Wave (A) and provided us with a daily shooting star candle Friday seems likely that it finished the extended wave (c) of (B) exactly at 261.8% it is very viable that we now march towards 1250$ area at least only then we can consider that gold finished it correction. and the march to 1400$ will be viable. as per Elliot Wave theory any...

OmarJundi Updated 

Oil should turn around 51.57$ @ 1.1618% it is also possible to break the widge on the upper side for a short period

OmarJundi

As per attached chart we can expect a complex correction ABCDE with a target around 1400$ at the end of Wave 5 However we should not see this level before visiting the 1200$ area

OmarJundi

Gold looking to start wave C Minimum Target for Wave C is 1202$ followed by 1120$

OmarJundi Updated 

Working like a charm, the knife has started cutting.

OmarJundi Updated 

Oil Target 51.60$ (1.618%) then expect a drop to at least 44$

OmarJundi Updated 

Diagonal Triangle Occurs only in 5th or C Wave Subdivide into 3-3-3-3-3 sometimes have sharp, last gasp break through trend line subsequent moves are sharp

OmarJundi

From the chart it is clear that we going down in impulsive move, currently oil started the 5th wave down perfectly finished 4th wave at 61.8% i personally expect sub 25$ and even 20$

OmarJundi

The pair has finished correction perfectly @ 78.6% fib retracement thus ending wave 2 and mark the start of wave 3 which i personally expect to be extended due to the fact that Wave 1 was diagonal.

OmarJundi

IT IS CLEAR FROM THE CHART THAT WE WILL SEE THE END OF WAVE C @ 169.416 FROM THERE THE PAIR WILL RESUME ITS DOWNWARD DIRECTION

OmarJundi

AS PER CHART, 5 WAVE UP LOW IS IN PLACE, ABC CORRECTION SEEMS TO BE DONE DONE AT 38.2% FIB TARGET AS PER CHART

OmarJundi

GBP/JPY COMPLETED 5 WAVE UP, AND SEEMS LIKE THE ABC CORRECTION IS DONE TAKE PROFIT AS PER CHART

OmarJundi

Oil Made a new 5 wave down --> (1) , looks like a start of ABC correction, look to short again at C point

OmarJundi

Euro has shown an impulsive move (5 Wave) now in correction which end in Wave C @ around 1.1240 and then it will run up up to 1.1500