US OIL ELLIOT WAVE COUNTS AND BREAKOUT

Crude oil is looking Bullish ahead Reasons are mentioned below

Inverted head n shoulder Neckline Breakout

Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame

Possible wave counts on weekly chart

Possible wave counts on Daily chart

Possible wave counts on 4 hourly

Possible wave counts on 1 hourly

Price challenging upper band on daily time frame

macd positive cross in daily time frame

macd converging towards north uptick in weekly time frame

RSI uptick above 60 in daily time frame

DMI ADX positive uptick in daily time frame

Price closed above 50dema, 100dema & 200dema

Weekly close above 20WEMA, its also above 50 WEMA, 100 WEMA & 200 WEMA.

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.