WTICOUSD ends the fall. If you look at the oil timeframe for seven weeks, you can see that the decreasing wave sequences are 75% on a logarithmic scale. Let's start with this rule system. Currently, 75% of the WTICOUSD descending sequence is 18,086 usd. This is what I see as the target price for the decline. From this level, I don't expect to move further south. These were the decreasing (white) wave sequences. It is also interesting to examine the magnitude of the response to the decreasing wave sequences. Well, it's also almost geometrically accurate at 209% size. Then use this as a rising target price. Short. I assume that, due to the fractal sequence rules described above, WTICOUSD turns north from level 18,086usd. The rise may be continuous. The rise target price is 54.28 usd
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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.