Hello there!
This is for a technical analysis of a price chart.
It seems that the price has completed its Elliott Wave A in the form of a five-wave pattern within a "Rejection Block," and is now in the corrective Wave B.
Naturally, we expect that once Wave B is completed, we will enter Wave C and the price will move to at least $105. Please note that the chart above is WTI, and its price differs from Brent crude.
In my opinion, the next catalyst for this price movement will be the upcoming tensions in the Middle East, especially the pressure exerted by Yemen's Houthis on the Bab-el-Mandeb strait.
NFA-DYOR
#javanshir_academy
#Retrader
This is for a technical analysis of a price chart.
It seems that the price has completed its Elliott Wave A in the form of a five-wave pattern within a "Rejection Block," and is now in the corrective Wave B.
Naturally, we expect that once Wave B is completed, we will enter Wave C and the price will move to at least $105. Please note that the chart above is WTI, and its price differs from Brent crude.
In my opinion, the next catalyst for this price movement will be the upcoming tensions in the Middle East, especially the pressure exerted by Yemen's Houthis on the Bab-el-Mandeb strait.
NFA-DYOR
#javanshir_academy
#Retrader
Financial Service - Educational Academy - Investment Platform - Option Trading _ Option Strategist ...
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Financial Service - Educational Academy - Investment Platform - Option Trading _ Option Strategist ...
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.