Crude OIL trading UPDATE

in #trading • 7 years ago

According to my Elliot waves analysis we are still in downtrend. At the moment we are in C wave of ABC correction waves. C wave always consists of 5 subwaves. As you can see on a chart; there is starting to form THIRD subwave, wich is usualy the longest.

DF38EF7A-5317-473D-B507-ED91FE6AA6BD.png

In my opinion this is good entry point for SELL POSITION to open. My stopp loss would be slightly above point 2 (second wave).

What are your thougts?

#crudeoil #elliottwaves #sellposition #profit
7 years ago in #trading by
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