🟡 WTI Update

Oct 30, 2023

I think we are still in the ending diagonal scenario. But given that it is taking that much time to form that ending diagonal I am starting to have my doubts about it.

Within that scenario wave b can still take shape of running flat. Once wave b is done wave c can be an impulse, a contracting diagonal or an expanding one (less probable hence light grey).

Once the above is proved correct or some additional pattern is formed I will be labelling this idea with yellow. See color coding below.

You can see from the chart that I do not find it tradable at this moment.

🟢 - green represents those ideas in which I am reasonably confident (green means certainty not being 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)