Daily Crude Trendline BreakCrude Broke Uptrending Line.
I will start Looking For 36 Region, ONCE it gets below and STARTS CLOSING below 44 Level.
Keep watching
Crude
I am Preparing to Go Short in CrudeFor next several days i am keeping a short side view of Crude Oil.
But for that decisive break of RED Line is essential
Crude Short Setup Viewpoint. Needs Further Confirmation.Crude Oil Short setup viewpoint.
Trade with further price action confirmation.
Crude oil - In depth Elliott wave analysisGreetings oil traders,
As you can see from the chart which is in weekly time frame, the move (INTERIM rally) is just a correction for the down trend; say for the super cycle wave (Y)
Therefore, we sure say that the current move is merely a retracement for the Super cycle wave (Y)
and the initial move (X) has been stagnated for some time at the areas of 23.6% and been resuming its move higher now.
the further resistance are offered by two factors - trend line (LONG TERM) & the Fibonacci Resistance as it is given in the chart,
The wave (X) in super cycle degree has been subdivided into triple three correction, within which wave W & X are completed and after which wave Y is currently being traded in cycle degree.
For folks who find it difficult to follow, check our website where we have a shot a video presentation explaining the whole process from 2008 to till date - a really detailed analysis for free, check it out here
www.mytradingcourses.com
P.S
You are welcome to seek any clarification on this & any of our past analysis
Thank you
