After finding it's low at 19.50 I expect a sideways correction in oil because wave 2 was a Zigzag.
The alternation in the Elliott wave suggests me that after a deep correction there will be a sideways correction.
We are too early stage of wave 4, therefore, I don't know which one will be realised, a Triangle would be suitable for the coming situation, but a Flat or a type of Flat would come also. We will see it, but I will prepare for myself a sideways trading strategy, which is not my favourite.
At topping point, there will be extreme optimism and vice versa. In the sideways moving, the contrary attitude is well-paid.
The alternation in the Elliott wave suggests me that after a deep correction there will be a sideways correction.
We are too early stage of wave 4, therefore, I don't know which one will be realised, a Triangle would be suitable for the coming situation, but a Flat or a type of Flat would come also. We will see it, but I will prepare for myself a sideways trading strategy, which is not my favourite.
At topping point, there will be extreme optimism and vice versa. In the sideways moving, the contrary attitude is well-paid.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.