Position Long at 1480 ~ 1500
Reasons:
O Strong support at 1481 (Fibonacci zone)
O Increase in the price of oil, leading to movement of money for safe assets or other commodities
O Huge breakout after the symmetrical triangle formed between 2013 and 2019
O Formation of cup and handle for the next five years
O Elliot Wave Analysis of a,b,c,d,e
Reasons:
O Strong support at 1481 (Fibonacci zone)
O Increase in the price of oil, leading to movement of money for safe assets or other commodities
O Huge breakout after the symmetrical triangle formed between 2013 and 2019
O Formation of cup and handle for the next five years
O Elliot Wave Analysis of a,b,c,d,e