CRUDE OIL : A possible leading diagonal

LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.



TRADING STRATEGY:

Buy Crude oil : 89-89.5$ keepin SL of 87.8$ look for the target of 93.3-94.3$

Comment:

trading below 90$. will suggests that the retracement is complete and crude is ready to fall .

Trade closed: target reached:

minimum target reached