WTI could be in wave (C), which undfolds now within an ending diagonal.
It already reached the 1.414 of wave (A).
The wave 5 should complete it.
Then the drop is expected, which first should break below trendline support.
The final confirmation is below wave 4 of (C) under 13.19
The structure of the drop will show whether it will be a retest of the low or the joint correction.
It already reached the 1.414 of wave (A).
The wave 5 should complete it.
Then the drop is expected, which first should break below trendline support.
The final confirmation is below wave 4 of (C) under 13.19
The structure of the drop will show whether it will be a retest of the low or the joint correction.
注释
the map has changedY already 61.8% of W
RSI shows highly overbought reading
订单已取消
The structure changed as initial bullish idea for ukoil played out well
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