Crude Oil FuturesGüncellendi Crude Oil Elliott Wave Idea
Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now.
The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100.
I had a similar idea back when this move from $33 started (tradingview.com/chart/OIL_CRUDE/yKqYaVj5-Crude-Oil-Elliott-Wave-Idea/) that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100.
I had a similar idea back when this move from $33 started (tradingview.com/chart/OIL_CRUDE/yKqYaVj5-Crude-Oil-Elliott-Wave-Idea/) that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
Not
Approaching the 1.618 level...amazing rise in oil price!Not
Wave 3 target hit at $77Not
Possibly ending wave 4 now.Not
Wave 4 completed and wave 5 confirmed with a new high
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.