Crude maybe in wave 4 ABCDE descending triangle.
Bounced twice now at typical wave 4 fib level 0.382 of wave 3 and formed what appears to be a descending triangle, may be in the final leg before breakout.
We had a similar triangle form before breakout from $60 >
Bounced twice now at typical wave 4 fib level 0.382 of wave 3 and formed what appears to be a descending triangle, may be in the final leg before breakout.
We had a similar triangle form before breakout from $60 >
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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.