WTI: Bears Are Outnumbering Bulls

17 Haz 2022

WTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17, and sub-wave (c) of wave ((B)) is creating an ending diagonal.

The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110. Your target will be 105-99-93.

Aggressive traders can sell when the price falls below 119.
If it goes above the parallel channel, wait for levels to appear.

Thank you
Money_Dictators

16 Tem 2022

İşlem kapandı: hedefe ulaştı

Target Reached

30 Kas 2022

Not

I am back with my work :)