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US OIL - Likely to retrace till 78.25 (45 degree) of more Author uses Gann, Fibonacci and Wave Analysis along with his own indicator, which is a leading indicator developed with reference to confluence of all these approaches. It helps to curtail cumbersome process of PTV(Price- Time and Volume Analysis), while investing, swing and intraday trading. Please refer to Author's earlier post as well.$83.23 is the crucial level where price of US Oil is stuck up. Marked here are two triangles: 1. Bigger Triangle with yellow and 2. Smaller Triangle in Green. 3. Price has already made five waves marked in black. Now counter waves A B & C will be created and then only upward movement is likely to start. Unless there is gap up movement on Monday. Don's go long till common hypotenuses of both the triangles are broken Most likely scenario: 1. Oil will retrace back to $78.25 (45Dereei.e. bottom of this triangle, and if that level is not broken, expect recovery from there to $91. 2. Base of Green triangle is broken, bears will dominate and it may retrace to any of the levels marked as pink. Disclaimer : The content has been created for educational purpose. Author is not a Registered Analyst with any of the National/ International Regulatory Authority. Happy to share. Let's grow together
TVC:USOIL
by rekhi567
crude spot or mcx update blwnow crude nymex wti overbought side in daily chart esy on 79.55 if sustaina bv thna expect 80.40-81$+++++ where support 78.20--78 if sustain blw than bear turn will active soon till 77-76$ over all eys on fed speech if boost for economy thna more up side other wise game over in crude mcx crude eys on 6555 if stya abv or close abv thna see 6680-6713++++ where 6812 laxman rekha will mpre update in trade hrs where support 6280@ blw will bear turn more update stya tuned with us
TVC:USOIL
by kailashcfa33
USOIL Crude oil possible Elliott wave counts on hourly chartHello Friends, Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an equality or $ 76 as an 161.8% of wave 1 of (3), and in wave 3 also we had started wave i and still wave ii is pending, so buy on dips funda will be worth full in this case with invalidation level of $66.77, so if price goes below $ 66.77 then our currently shared view will be invalidated, because wave 2 will never retrace more than 100% of wave 1. Some referral snapshots are shared below, please go throughout, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Overall wave structure looks bullish as of now Price making lower low while indicator making higher low on completion of wave C of wave 2 of wave (3) I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:USOILLong
by RK_Chaarts
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