The steepness of the rise made me construct another alternative. If the price starts consolidating we are likely to keep going up. Next few hours will show the way.
If the price makes a U turn in the next half an hour I will be tempted to short with a tight SL. Not advice.
Colour coding for reference 🟢 - green represents those in which I am reasonably confident (does not mean bullish). 🟡 - yellow, I can see a possible count, but ready to reconsider at any moment. 🖕 - just f..king around to find out (if Tradingview continues to ban them, I'll show another finger)
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts
Also on:
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.