Crude Oil making Ending Diagonal in wave C of WXY
Crude in WXY double zig zag correction. Currently wave C of Y in progress.
All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge
Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too)
Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid.
Would wait for confirmation Above 95 to head towards 114 which is starting point of Ending Diagonal in wave C
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There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge
Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too)
Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid.
Would wait for confirmation Above 95 to head towards 114 which is starting point of Ending Diagonal in wave C
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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