Oil price show clear impulse wave analysis
I think Zigzag corrective is already finish
by the Elliott Wave Theory rule that
Wave C structure is :
- 100% of Wave A: This means Wave C is the same length as Wave A.
- 161.8% of Wave A: Wave C is 1.618 times the length of Wave A.
Sometimes, Wave C can even extend to 200% or 261.8% of Wave A, though these are less common.
Now price is down in C lag about 261.8% already
So this is OK place to bet
because if we count it right we can hold until next impulse happen with good RR
I think Zigzag corrective is already finish
by the Elliott Wave Theory rule that
Wave C structure is :
- 100% of Wave A: This means Wave C is the same length as Wave A.
- 161.8% of Wave A: Wave C is 1.618 times the length of Wave A.
Sometimes, Wave C can even extend to 200% or 261.8% of Wave A, though these are less common.
Now price is down in C lag about 261.8% already
So this is OK place to bet
because if we count it right we can hold until next impulse happen with good RR
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.