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 ...
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Financial Service - Educational Academy - Investment Platform - Option Trading _ Option Strategist ...
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.