I'm leaning towards an expanding diagonal in WTI to finish wave (x). Reasons are 1) sharp sell-off on Monday, which appears to be a wxy double zigzag rather than a five-wave impulse 2) the subsequent bounce appears difficult enough for another double zigzag.
Of course, I could be wrong about the bearish case, but I'm sticking to it so far, despite the fact that the majority of the public expects oil to reach $100 soon. #wti
Having said that, the case is very speculative at this point. This is not advice, treat it as a scenario. I will be ready to reconsider only if the price surpasses $87.4.
Of course, I could be wrong about the bearish case, but I'm sticking to it so far, despite the fact that the majority of the public expects oil to reach $100 soon. #wti
Having said that, the case is very speculative at this point. This is not advice, treat it as a scenario. I will be ready to reconsider only if the price surpasses $87.4.
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⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts