The upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses
Crudeoil in USD has the same pattern and should be headed the same way
Crudeoil in USD has the same pattern and should be headed the same way
交易开始:
Price moving in the expected direction in 5 waves - this should be a good short trade to ride
交易手动结束:
Frist leg of 5 waves may have completed. right time to book profits
Entry 3005
Exit 2655
Entry 3005
Exit 2655
评论:
Larger trend remains down
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView