WTI Light Crude Oil Long
Looking to buy Oil off the low created in December 2023. On the Elliot wave, this is currently the 5th and final wave to the downside according to the theory.
With rate cuts on the horizon and political instability there is a good probability for Oil to begin a new upswing.
Technical Confluences:
Key Level
-38% Fibo extension level (take profit zone)
Elliot wave
Broker IC Markets
Entry- 67.80
SL- 66.90
TP- Open (Partials at 3RR)
With rate cuts on the horizon and political instability there is a good probability for Oil to begin a new upswing.
Technical Confluences:
Key Level
-38% Fibo extension level (take profit zone)
Elliot wave
Broker IC Markets
Entry- 67.80
SL- 66.90
TP- Open (Partials at 3RR)
İşlem aktif
Trade activatedNot
Partials taken this morning at 1:1.5 R. Will see how the rest of the week pans out. Not
Manage to capitalize around 100 pips on this set-up, but the market does what it wants and a new low has now been made, making the idea of a longer potential move from here invalid. 
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.