An update to several recent and older ideas on Crude Oil:
I believe we are nearing the end of wave 1 of 5 and if so could see a correction to mid 60's to 0.618 fib, but could correct higher at 0.382 or 0.5. Wave 3 should follow the correction to at least 1.618 of wave 1. Ultimately I think wave 5 will hit 1.618 of the larger wave 4 (6666/5809) around 72.
Daily TSI and daily MACD both bullish and the bullish Harami I pointed out last week seems to be having the desired effect:
Check out previous weekly bullish Harami, more green follows :)
I believe we are nearing the end of wave 1 of 5 and if so could see a correction to mid 60's to 0.618 fib, but could correct higher at 0.382 or 0.5. Wave 3 should follow the correction to at least 1.618 of wave 1. Ultimately I think wave 5 will hit 1.618 of the larger wave 4 (6666/5809) around 72.
Daily TSI and daily MACD both bullish and the bullish Harami I pointed out last week seems to be having the desired effect:
Check out previous weekly bullish Harami, more green follows :)
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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.