Waiting for a correction on Crude Oil by ThinkingAntsOk
Main items we can see on the chart
a) The price has moved in a huge impulse movement
b) Since that we didn't have any significant correction of the whole impulse
c) Based on the Numerous zones the price has been braking, now we are looking for a consolidation
d) The consolidation should correct the whole impulse since the Bottom in April
e) An excellent spot to expect a correction is the current ascending trendline
a) The price has moved in a huge impulse movement
b) Since that we didn't have any significant correction of the whole impulse
c) Based on the Numerous zones the price has been braking, now we are looking for a consolidation
d) The consolidation should correct the whole impulse since the Bottom in April
e) An excellent spot to expect a correction is the current ascending trendline