Crude Oil .... Will the market put a cap on this ?
A trend continues until it doesn't.
Crude in my opinion looks a little toppy after a great run.
4th touch of the upper channel with the previous three indicating a reversal.
Interestingly they are similarly equidistant between each other.
Just a suggestion that things won't go up for ever.
Let a reversal emerge first that is actionable.
Do your own due diligence, respect market and political events.
Not investment advice.
S.
Crude in my opinion looks a little toppy after a great run.
4th touch of the upper channel with the previous three indicating a reversal.
Interestingly they are similarly equidistant between each other.
Just a suggestion that things won't go up for ever.
Let a reversal emerge first that is actionable.
Do your own due diligence, respect market and political events.
Not investment advice.
S.
Nota
From an Elliott perspective if Wave 1= Wave 5 then we have seen the top .Nota
A trend can continue loner than you think....
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.