OIL TRADE - READY TO BUY AT $110 PULL BACK!
OIL TRADE->
I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110!
The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200, EASY!!!!
70% to 80% reward in quick time sounds like a no-brainer in comparison to risk/reward to me. (Unfortunately, your stop loss would need to be around $98..)
DYOR, GOOD LUCK!
I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110!
The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200, EASY!!!!
70% to 80% reward in quick time sounds like a no-brainer in comparison to risk/reward to me. (Unfortunately, your stop loss would need to be around $98..)
DYOR, GOOD LUCK!
Note
Here is an update of the correction so far,, , Note
Here is the update, hit the 1 to 1 now... has to reverse here.Note
Seems like I got the count wrong as we seem to have broken out, I have corrected my count as it looks like we were in fact consolidating in a wave 4 of larger wave 3. We should therefore head our way to 150 if this is indeed correct... Updasted chart: 
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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.