As shown in the chart ,
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil
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.