VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?
BIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for...
Wish You Merry Christmas ! And Happy New Year 2018
CRUDE OIL IF HOLDS 58.20$ ON CLOSING BASIS CAN HEAD TO THE UPPER END OF THE BOX NEAR 63$
CRUDE CMP NEAR 74.50 IF HOLDS 74.30 ON CLOSING CAN HIT 79.20 FILLING THE UPPER END OF THE BOX