CRUDE OIL WAVE 3 SETUP
Assalamualaikum & Hi Traders!
Key level = 75.27
We are tracking a recognizable setup of wave 3 on crude oil.
Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27).
Breaking 67.80 will give us indication that wave (2) is already in place.
As for now, my personal view is bias to the downside and key level = 75.27 must hold for this wave 3 bearish idea.
Key level = 75.27
We are tracking a recognizable setup of wave 3 on crude oil.
Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27).
Breaking 67.80 will give us indication that wave (2) is already in place.
As for now, my personal view is bias to the downside and key level = 75.27 must hold for this wave 3 bearish idea.
Note
DAILY CHART ANALYSISNote
WAVE 2 IN PLACEPrice break below 67.80 resistance giving an idea that probably wave 2 is in place.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.