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sudhannayak
Jan 21, 2021 11:43 AM

Brent Crude OIL EW analysis on lower time frame 

Crude Oil (Brent)FXCM

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Om Namah Shivay

Trying brent crude oil EW analysis. The structure with EW in Crude OIL have own characteristics.
The structure looks like an Impulse after previous impulse + abc structure. Possibly there is small correction or sideway on short term.
In Crude, the 5 wave impulse that we counted now, is part of a bigger impulse wave. Previous impulses are very dynamic which suggests if this is going to be an impulse, then the long side ways are part of it.

Om Namah Shivay
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