Elliot Wave Analysis by Solid ECN


Crude Oil, The price may grow.

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C develops. Now, the fifth wave of the lower level v of 1 is forming, within which a local correction has ended as the wave (iv) of 1, and the wave (v) of 1 is developing. If the assumption is correct, the price will grow to the levels of 110.00–115.00. In this scenario, critical stop loss level is 90.13.

Comments are closed.

Close Search Window