March and May Oats are rejecting lows and progressing upward towards the final gap. I have changed projection from Cypher to Butterfly with extension reaching into the gap. We also have an Elliot Wave 1-5 setup here.
Scenario 1
Oats may take a run to bottom of gap Monday, retrace to 38.2% and then continue through gap, or reject next week to retracement, and then continue last leg. Overbought levels are high and the CCI is turning around.
Scenario 2
Oats continues and fills gap, then retraces and completes leg 5 and double tops, where we will have a sell opportunity.
Scenario 1
Oats may take a run to bottom of gap Monday, retrace to 38.2% and then continue through gap, or reject next week to retracement, and then continue last leg. Overbought levels are high and the CCI is turning around.
Scenario 2
Oats continues and fills gap, then retraces and completes leg 5 and double tops, where we will have a sell opportunity.
Penerbitan berkaitan
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.
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.