oil price based on wave analyses
Wave 2 about confermıng that ıts completed due to Fibonacci retrace level at 0.5 (65$) at the same time on daily time frame a bullish convergence has occurred at the same Fib level, that leads us that the second wave has finished unless it brakes the previous low, that could leads us that the price will go again to visit the Fibonacci price zone 1.618 (65$ - 50$) .
The bigger picture of next move (wave 3) may target the Fib level of 1.168, but not sure, so maybe less but surely the price will go beyond the zone of first wave (131$).
This is my theory, do your won math.
If you like my analysis, kindly follow my account.
Wish you all a pleasant day.
Regards
The bigger picture of next move (wave 3) may target the Fib level of 1.168, but not sure, so maybe less but surely the price will go beyond the zone of first wave (131$).
This is my theory, do your won math.
If you like my analysis, kindly follow my account.
Wish you all a pleasant day.
Regards
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