based on Elliot Wave principle
hello trader,
first i know my chart is kind of miss, but it has a good knowledge, we count the wave, as crude oil just finished the fourth of the first impulsive wave of the third mega wave, as we are at the third of third wave of the fifth wave, super bullish range occur at the RSI 60-80 over bought zone, as a bearish divergence start to formed between third and fifth wave on 4H time frame, soon a pullback ABC pattern will resume to perform the second wave, then the third mega wave will start after, so make yourself ready for the buy long.
if you like my analysis, kindly follow me for more
do your own math & trade safely
regards,
first i know my chart is kind of miss, but it has a good knowledge, we count the wave, as crude oil just finished the fourth of the first impulsive wave of the third mega wave, as we are at the third of third wave of the fifth wave, super bullish range occur at the RSI 60-80 over bought zone, as a bearish divergence start to formed between third and fifth wave on 4H time frame, soon a pullback ABC pattern will resume to perform the second wave, then the third mega wave will start after, so make yourself ready for the buy long.
if you like my analysis, kindly follow me for more
do your own math & trade safely
regards,
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