Pulling the trigger on the Crude OIL | The Chart Wizard
The previous downside move from the top levels of $77 to the low levels of $42.5 was very impressive in it's nature. It came after the third impulse wave in what seems to be a classic Elliott Wave up cycle.
The remarkable touch down right on the last line of correction (76.4%) around $44.8 is a clear indication that the downside move was indeed corrective wave number 4.
If I read this correctly, the Crude OIL is bulding up the next and last impulse wave number 5. This means that we should expect further upside move in the foreseable future.
Below you can check out my video analytics on the Crude OIL. Even though it was published to The Chart Wizard members almost a month ago, it is still more relevant than ever.
https://www.thechartwizard.com/
https://cmatrixacademy.com/
[email protected]
The remarkable touch down right on the last line of correction (76.4%) around $44.8 is a clear indication that the downside move was indeed corrective wave number 4.
If I read this correctly, the Crude OIL is bulding up the next and last impulse wave number 5. This means that we should expect further upside move in the foreseable future.
Below you can check out my video analytics on the Crude OIL. Even though it was published to The Chart Wizard members almost a month ago, it is still more relevant than ever.
https://www.thechartwizard.com/
https://cmatrixacademy.com/
[email protected]
