Hello everyone,
now it seems to be clear: the direction was right, but the count wasn’t.
What has happened?
At 75.24$ there was wave 3 (purple in brackets) ending. One wave degree higher, so the actual correction is wave 4 (purple in brackets), and this has to be leading lower. I think we have a good chance now to get in the market to make money with wave 5 (purple in brackets) of 3 (green in square brackets) which should start now or during next week.
I have already placed a trading box (blue one) in the chart, because I think there wave 4 will end and WTI then will turn the direction to new highs. I think we are good to go to 90$ and maybe more. But this, we have to decide later on.
Be careful, because wave 4 has space until 56$, technically. This, we should keep in mind, but I do not think so.
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care
tgo
now it seems to be clear: the direction was right, but the count wasn’t.
What has happened?
At 75.24$ there was wave 3 (purple in brackets) ending. One wave degree higher, so the actual correction is wave 4 (purple in brackets), and this has to be leading lower. I think we have a good chance now to get in the market to make money with wave 5 (purple in brackets) of 3 (green in square brackets) which should start now or during next week.
I have already placed a trading box (blue one) in the chart, because I think there wave 4 will end and WTI then will turn the direction to new highs. I think we are good to go to 90$ and maybe more. But this, we have to decide later on.
Be careful, because wave 4 has space until 56$, technically. This, we should keep in mind, but I do not think so.
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care
tgo
HK-Capital-Management
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