Possible wave count

another break below the wave A low at 50.51 will invalid the above wave count

Yorum:

Yorum:

alternative count

Yorum:

or

Yorum:

or it could be something more complex

Yorum:

Yorum:

if wave B is a flat, then there will be no wave D & E ( sub wave of a triangle should be a zigzag or a triangle)

Yorum:

other possible count

but i think it's less likely to happen

Yorum:

possible short-term count

Yorum:

or an expanding leading diagonal? that would be pretty rare

Yorum:

Yorum:

or

Yorum:

cn.tradingview.com/chart/ieQjV8MY/

Yorum:

Yorum:

Yorum:

short-term count

Yorum:

Yorum:

Yorum:

Yorum:

the decline is very sharp, so i guess the recent top is the end of wave B, wave B is a double zigzag

Yorum:

wave C could be an impulse or an ending diagonal if wave (X) is a flat;
wave C could also be a zigzag(also including double & triple zigzag) or even a triangle if wave (X) is a triangle.

Yorum:

Yorum:

a corrective pull back may signal selling opportunities

Yorum:

Yorum:

Yorum:

if wave C is an impluse wave, sub wave {v} should be either an impluse wave or an ending diagonal

Yorum:

therefore, short-term expectation would be
either

or

Yorum:

Yorum:

short-term guessing

Yorum:

Yorum:

Yorum:

There are still many different ways to count the short-term structure
The key resistance level is yesterday's high at 51.53, a solid close above this level would be an early signal for bulls

Yorum:

Yorum:

an impulsive rally above 52.16 could push the oil price to re-test the previous high at 54.35

Yorum:

close above 54.35 would likely suggest wave C has ended at recent low 49.3

Yorum:

Yorum: