Crudeoil has started an Elliott wave and made the 4th wave, and now it's making a fifth wave. As per the rules of the Elliott wave, the fifth wave will be completed at 61.8% ( 3648 ) or 50% ( 3600 ) of Fibonacci retracement 1+3 . The 2nd wave is 61.8% of the 1st wave, the 3rd wave is (more than) 261.8% of the 2nd wave, and The 4th wave is 38.2% of the 3rd...
According to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 . Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
crude oil sell at 3322 Stop loss at 3344 Target 3230
Did you read my 23 Nov report on crude oil? Visit here: Identifying the Crude Oil Price Next Big Move I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ". Crude oil has touched the first three targets by making a high of 3376 levels. Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
sell crude oil 3307 CMP 3288 Stop loss 3319 Target 3265
Buy crude oil 3206 CMP 3212 Stop loss 3190 Target 3260 / 3303
Buy Crude oil at 3097 Stop loss 3087 Target 3149 / 3190 Have a happy trading
Sell crude oil 3116 Stop loss 3126 target 3046 / 3012
sell crude 3109 Stop loss 3126 Target 3059
crudeoil sell at 3003 Stop loss at 3014 target 2893
Sell crude oil at 2824 / 2835 Stop loss 2853 Target 2771 / 2745 Fibonaacci and GANN always rocks follow us support us and learn with us
crude oil sell at 2877 stop loss 2908 target 2823 / 2797 fibonacci and GANN always rocks follow us support us and research with us
buy crude oil at 2897 stop loss 2865 target 2850 / 2877
Sell crude oil at 2754 stop loss 2782 Target 2676 Fibonacci and gann always rocks follow us support us and research with us
First, let's talk about the previous update of crude oil. There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX's crude oil. I had written for the day traders, " ...the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level ". THESE TARGETS HAS REACHED. And for the short-term traders, I had...
FOR THE DAY TRADERS: MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here. Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude...
one can long if breakout happen then it can go till above PRZ. anf if find reversal there then one can short from der