WTI has made the next important step in the course of our primary scenario and has jumped below the support line at $101.53. We expect it to drop further still, namely below the next support at $92.93, where it should finish wave 3 in blue. After a short countermovement as part of wave 4 in blue, WTI should then fall into the white zone between $78.56 and $70.17. There is a 25% chance, though, that WTI could change direction and rise above the resistance at $130.50, thus enforcing further ascent.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.