chessnut

USOIL EW Analysis - Bullish triangle almost set to rally.

FX:USOIL   Ham Petrol KFS'leri (WTI)
3
Oil is in wave iv of a very large and rapid decent. After picking the bottom ending diagonal I published a chart describing an abc that needed to take us higher to set wave iv in place. This is an adjusted count catering for what seems to be a triangle pattern unfolding in 3s forming in wave B position. This still implies upside to the $60 area although upside is very limited past that. Triangles are terminal moves so this will likely produce a trend going short signal when complete.
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.