Simple chart analysis for OIL

Two E.Wave finished on the uptrend side. ABC finished. Smaller uptrend is forming, similar to eurusd structure. Wating for second ABC finish chart pattern.

• I put fibonacci on E.W. 0 to 2 peak and chart reachs 300% or higher. Since structure is similar, even if it's small, it should be fine to say it will go up to reach 300% or higher.
  

Note: Whales will get short now, so it will be safer to go bullish and risk it.

Anulowano zlecenie:

Zlecenie aktywne:

First setup plan was perfect predicted. I apoligize for the comment I writed down.

Chart is going bearish for volume correction but on oil it can't be identified where will end the correction.
It's a risky trade but for now it is good.

Komentarz:

Oh,the C doesn't belong there, sorry. A to B is in process.

Zlecenie aktywne:

Trade can be cancelled.