CRUDE-OIL-WTI has been trading since Feb 2016 in a Bullish ABC Corrective Structure which is labeled on the chart as Primary ABC (green).
Primary A (green) unfolded as a Zig-Zag, with 5 Waves Sequence in its Intermediates (A) & (C) (light blue). Primary B (green) completed its Corrective Structure as a Running Flat.
Primary C (green) started its Bullish Cycle with 5 Waves Sequence in Intermediate (A) (light blue), which would mean that the up-coming Bullish Intermediate (C) would unfold with 5 Waves Sequence as well. Within Primary C (green), Corrective Intermediate (B) (light blue) unfolded as a Double Flat in the Minor WXY (red) Complex Corrective Structure.
Minor Y (red) bounced off the 100% Fibonacci Extensions of Minors W & X, which are also Levels with Points of Interest for Buyers, also 78.6% Fibonacci Retracement of Intermediate (A) (light blue).
We believe that the Corrective Cycle has finalized and that CRUDE-OIL-WTI is about to begin Intermediate (C) (light blue) with a Bullish Rally.
CRUDE-OIL-WTI - Long-Term - BUY Position:
Entry Level - 46.00 SL - 42.00 TP - 62.00
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Patience is indeed a virtue.
Update:
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BORDOMAVI
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Is it the right time for entry level? The price is now at SL level, close to the red dashed line. It could be a great opportunity.
Lionheart-EWA
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@BORDOMAVI, you are right, it could be a very good opportunity, good luck!
BORDOMAVI
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@Libeloo24, Thank you, Sl 42.00
Gopal_Dhamija
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@Lionheart-EWA,
Hi sir 5 Abc over ...
then its time for a new large degree cycle up..
See 1 up (ur green circle wave A)
2nd Jun 17 low WXY...
Now 3 up Blasting !
Lionheart-EWA
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@Gopal_Dhamija, this idea was posted on May 10 2017, please go to the most recent one, thanks