US OIL - Going lower after this correction !
Price made a nice Leading Diagonal from ~66.50 to ~60.00
We are now in a correction which might find resistance around 64.00
where we can find the 61.8% retracement level,
the 1.27 projection of wave (a)
and the upper channel line.
If the price goes above the 78.6% retracement level, it's an early sign that a new top might be coming,
therefore invalidation the count.
We are now in a correction which might find resistance around 64.00
where we can find the 61.8% retracement level,
the 1.27 projection of wave (a)
and the upper channel line.
If the price goes above the 78.6% retracement level, it's an early sign that a new top might be coming,
therefore invalidation the count.
Kommentar:
f you have any questions, reach out to me through
comments, chat or my (NEW) Telegram t.me/ewbelgium
comments, chat or my (NEW) Telegram t.me/ewbelgium
Kommentar:
It's going for an impulsive wave up it seems.
Kommentar:
Price came down after 5 waves up.
This chart was shared with my subscribers first
This chart was shared with my subscribers first
Kommentar:
and now
Kommentar:
Price went even lower.
Currently in a correction, so, expecting more weakness
Currently in a correction, so, expecting more weakness
Kommentar:
Position closed just in time !
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