Sometimes it is very useful to challenge well-established views.
The dominant opinion is that oil is in a correction before another drop.
But it doesn't mean that it would come true by all means, that is the difference between trading and forecasting.
We trade what we see online (patterns, counts, etc).
So this post is to add to the alternative views.
It could be that the oil already finished the wave C in the large correction and we already chart a new impulse to the upside.
Currently market could be trapped in the wave 4 before the last wave up.
The dominant opinion is that oil is in a correction before another drop.
But it doesn't mean that it would come true by all means, that is the difference between trading and forecasting.
We trade what we see online (patterns, counts, etc).
So this post is to add to the alternative views.
It could be that the oil already finished the wave C in the large correction and we already chart a new impulse to the upside.
Currently market could be trapped in the wave 4 before the last wave up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.