still no clue that wave (2) ended, the broke above the parallel corrective channel and the key level 2337 will confirm that the bottom is placed and wave (2) in it's early stage.
still no clue that wave ((ii)) ended, the broke above the parallel corrective channel and the key level 1034 will confirm that the bottom is placed and wave ((iii)) in it's early stage, critical support at 893.38
the broke above the parallel corrective channel and the key level 25.847 will confirm that wave (v) is in play, critical support at 23.95
expecting XLE to remain sideway to complete the flat wave 2 before go higher in wave 3.
upside focus remains in natural gas, looking for 7$ in wave ((iii)) (wave ((iii)) = 1.618 * wave ((i))).
the bounce looks impulsive, so we suggest that wave 2 end but that needs a clue, the move higher than 123.6 will confirm that the bottom is placed and eave ((3)) started.
broke the parallel corrective channel give us a confirmation that the bottom is placed and wave ((5)) in it's early stage, next key level to note 1.02
waiting a broke above 0.25714 to confirm that the bottom is in place and XLM in wave (3), critical support at 0.162
broke the two parallel corrective channels give us a confirmation the bottom is placed and wave (3) started, key levels to note at 1.263 - 1.011
still waiting a broke above 143.86 to confirm that the bottom is in place and LTC in wave (3), critical support at 91.63
expecting more upside to complete wave D, looking for wave D to top at 3800-4200 (cluster zone), critical support at 2491.84
expecting more upside to complete wave D, looking for wave D to top at 55-57k (cluster zone), critical support at 37592.35
Hello and Welcome, We expect wave (3) to end at 1157.6 which at this level wave (3) will equal 3.618 multiply of wave (1).
Hello and welcome, In this video, we explain our oil outlook and our trade idea for natural gas.
our idea is to long in any pull back above 59.59, TP higher than 96.36, SL at 59.59
wave 5 of (3) is in progress, the reasonable target for wave 5 of (3) is 0.94 which wave (3) = 2.618 * wave (1), critical support at 0.74600.
Bullish against 3443.32 to complete wave v of (iii), the reasonable target for wave v is 3443.32 which (wave v = wave i), key level at 3028.30 which the push lower than it will open the door for more downside as alternate count to complete wave iv.
As for now, our idea for crude oil is wave 3 has already topped and we are in a early stage of wave 4 development -- Pengiran.