WTI CRUDE OIL: WAVE ANALYSIS

avatar
· Views 98



WTI CRUDE OIL: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationSELL STOP
Entry Point76.93
Take Profit67.60, 60.00
Stop Loss83.10
Key Levels60.00, 67.60, 83.10, 88.00, 95.42
Alternative scenario
RecommendationBUY STOP
Entry Point83.15
Take Profit88.00, 95.42
Stop Loss81.55
Key Levels60.00, 67.60, 83.10, 88.00, 95.42

A fall is possible.

On the daily chart, a downward correction as the second wave of the higher level (2) develops, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is developing, within which a local correction has formed as the wave (ii) of iii, and the wave (iii) of iii is forming. If the assumption is correct, the price of the asset will fall to the area of 67.00–60.00. In this scenario, critical stop loss level is 83.10.

WTI CRUDE OIL: WAVE ANALYSIS

WTI CRUDE OIL: WAVE ANALYSIS

Main scenario

Short positions will become relevant below the level of 83.10 with the targets at 67.60–60.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price above the level of 83.10 will let the asset grow to the area of 88.00–95.42.


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest