Follow up on a very old OIL idea from 2021
OIL completed 5 waves up from the COVID lows until the $130 highs, now appears to be in a multi year correction.
There is bullish divergence on MACD and TSI on 1W chart indicating possible trend change.
I think this is possibly C wave up to $100 (1:1 extension) or $115 (1.618 extension).
A break above $130 would indicate the multi year correction was completed at the $64 lows, something like below:
OIL completed 5 waves up from the COVID lows until the $130 highs, now appears to be in a multi year correction.
There is bullish divergence on MACD and TSI on 1W chart indicating possible trend change.
I think this is possibly C wave up to $100 (1:1 extension) or $115 (1.618 extension).
A break above $130 would indicate the multi year correction was completed at the $64 lows, something like below:
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.