Counting oil waves is fun. Without EW trading oil is deadly. So volatile. The count is very complex - hence I should be wary of possible alternative scenarios. So far I do not have any on the chart. One thing that keeps me warm about my count is oil stocks and CRB index. They both point upwards. I will make a separate post to illustrate that.
I am holding longs from 53.4 or smth.
One thing I should remember - commodities are notorious for extended, brutal 5th waves and quick reversals.
I am holding longs from 53.4 or smth.
One thing I should remember - commodities are notorious for extended, brutal 5th waves and quick reversals.
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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.