Crude has been ranging between $38 and $56. Probably embarking on a triangle pattern. If this wave analysis is correct, we could see price dipping toward $45, completing the last leg of the triangle pattern, before making a giant rally to $60 or more. To trade this pattern, one will have to wait for this dip to happen and complete before looking for a bullish opportunity.
On the other hand, if price rallies above $56 resistance without the last triangle e-leg , one may suggest the rally has finally resumed. We could then re-analyze and look for an opportunity to join the bullish trend based on a new proper wave structure/pattern formed.
On the other hand, if price rallies above $56 resistance without the last triangle e-leg , one may suggest the rally has finally resumed. We could then re-analyze and look for an opportunity to join the bullish trend based on a new proper wave structure/pattern formed.
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.