WTICOUSD may end the correction.

23 Kas 2021

WTICOUSD may end the correction. In the analysis, the white dashed line indicates ATR axes. The figure shows that similar wave sequences are built on the ATR axes. Since the size of the wave sequence currently being built is half of the size of the previous wave sequence, it can be said that the current wave sequence is a fraction of the previous sequence. This observation is supported by the local bottoms in the orange squares. The support levels of both wave sequences (now fractal) are given by the ATR axes. Based on the theory described above, I expect WTI to rise from the current level. I also assume that it will not simply turn, but will set itself on a sustained upward trajectory. Its target price : 94 usd