As shown in the chart ,
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil
USOIL was around at $81 on 5th Dec 2022
We can see in the chart, USOIL unfolds the 4th wave as a triangle or complex correction.
1st and 3rd waves equal 100%
2nd wave is simple and shallow . If the 4th wave also is shallow at 38.2%(3rd wave) then 80.90 is a key level support for Big move.
As per the Elliott rules one of the three waves is extended and here 1st and 3rd wave is normal so there is a high probability for 5th wave to be extended and the first target is $90
Buy Levels as shown in chart 80, 80.900 for the Target of $90
Stop loss is 1st wave top @ 79.500 or 77
#USOIL #crudeoil
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.