WTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can...
Will Crude “Break Down” Or “Rise”?
The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it...
gold on crucial support if break then we might see 47500 sooner or later but at same time it is on support if sustain then daily TF candle play a critical role for swing long.
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self explanatory gold chart posted with labels. longer the time of accumulation with rounding base , more is the sustained move. these 2 years are best when it comes to commodity trading. make the most out of it !!!
Hello, crudeoil analysis & long-term swing trade buy: 7,740 targets: 8,870/1,0370 stoploss: 7,430.
LOGIC BEHIND TRADE: Crudeoil formed W pattern on 1D chart buying from support bottom buying strategy, (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of support candle. 1st target is resistance of W pattern 2nd target is taken from...
1. Buy Side Liquidity Purged
2. Bearish OrderFlow
3. Internal & Major Structural Break
4. Return To OrderBlock (Expecting)
We'll be looking for GOLD to come back to
the OrderBlock area and give us enough confirmation and LTF Setup for Entry.
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Hello, natural gas futures analysis & mid-term swing trade buy: 414 targets: 485/576 stoploss: 346.
LOGIC BEHIND TRADE: Natural gas futures 1w chart has formed W pattern & given breakout of resistance (targets identified from harmonic abcd/xabcd pattern level 1.414) stoploss is taken low of resistance candle if sustains above al time high can go upto 576. ...
Since pandemic BANKNIFTY has rallied from 16100.00 to 41000.00 plus levels. A clear impulsive rally we have seen from low to high as mark in yellow as Wave 1 , Wave 2 and Wave 3 as a Major Wave cycle. Wave 3 (Yellow) of a Major Wave Cycle seen to be extended in 5 sub waves(marked in green as (1),(2),(3),(4),(5)) fallowing all the conditions of Elliot Wave. Since...