Crude oil is falling in a 'C' wave that likely reaches $62 or lower levels.
The 'C' wave will likely take on a motive structure (impulse pattern or ending diagonal). Once the final low is printed, then crude will rocket up to new all-time highs.
If the decline in wave 'C' is not a motive structure, then it will be a big clue that it is wave 'C' of a large triangle pattern. A triangle pattern would grind sideways for most of 2023 making little net progress.
Good luck out there!
The 'C' wave will likely take on a motive structure (impulse pattern or ending diagonal). Once the final low is printed, then crude will rocket up to new all-time highs.
If the decline in wave 'C' is not a motive structure, then it will be a big clue that it is wave 'C' of a large triangle pattern. A triangle pattern would grind sideways for most of 2023 making little net progress.
Good luck out there!
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Free assessment + bonus training videos customized to your score:
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qwiz.seethewaves.com/ewreadiness/p/tv1
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.