Oil Set for Long

30 Tem 2016

Oil is a Good buy in 2016. Oil should pop up from here with 3 wave swing to complete cycle wave.

31 Tem 2016

Not

There are a lot of traders agreed with this Idea. However, I have to consider an alternative in ElliotWave analysis. Many of the traders thinking to short again from 43. I am not against to their decision. The above idea represents possible area to bounce the PA. Currently there is no trend reversal yet. As a trade before entering into position I need to see some kind of reversal structure or candle stick pattern.

I would like to share my Alternative View to look at.