I dont think down move is done oil is heading to 8$ a barrel (i think by june we will see That.Remember ABC correction always followed by an impulsive wave what we see on a daily chart is a completion(arnd 37$) of ABC pattern arnd 37$ (Wave A from jan 19th--27.5 a barrel to jan 27th 34.81$ ,,,then Wave B wave from jan 27th to feb 10th ---34.81$ ---26$ ,,,Currently C wave is unfolding and abt to end near 37$(ABC completion) once that completes an Impulsive wave to the downside will unfold and price is likely to fall towards 7---8 dollar a barrel(2.62% fib extension of Wave 1 on a monthly chart)
pointoftangency
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TradingJazz, I came across your ideas a month or so ago. You have really helped me better understand Elliot wave counts and patterns. The way you incorporate these methods with fibs in a simple and clean manner is remarkable. I appreciate your publications and look forward to more.
Best Regards.
arif_awan
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YES BROTHER WOULD REALLY APPRECIATE IF YOU DO YOUTUBE VIDEO.
Hiisham
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hey,thank you
we would really appreciate if you do a video
AbdullahAljohani
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you provide very helpful and educational stuff that i really admire.. thank you for all the stuff you post...thank you very much i really love it.
Note: please remove this post to protect yourself first and others from learning something incorrect. I'm huge fan of Elliott wave theory, this post doesn't work with elliott and is not based on Elliott rules or guidelines.