UKOIL - Short
Oil will probably crash for whatever fundamental reason, in the coming years
Technical perspective:
Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected
Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C
Hence, we should be anticipating a Wave C downwards soon
Technical perspective:
Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected
Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C
Hence, we should be anticipating a Wave C downwards soon
Penafian
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