Oil war between Russian Saud and USA, and the OPEC, OPEC+ meeting, there are many things around oil, but it seems Oil is correcting in a flat way.
So there is a sideways possibility and. I am waiting for a Flat Elliott pattern as I have mentioned it in the previous oil analysis.
In the Flat pattern, the B wave possible target is in a very wide range. I expect an upward turn to above 30$ but from where I don't know. The turn could be from 21, 20, 19, 18$. I will wait for a fives wave(an impulse wave) from the zone of 18-21$ and rise above 23.15 and then I try to get a long position in a falling correction. This is my strategy, in a particular that the RR ratio will be above 2.5.
So there is a sideways possibility and. I am waiting for a Flat Elliott pattern as I have mentioned it in the previous oil analysis.
In the Flat pattern, the B wave possible target is in a very wide range. I expect an upward turn to above 30$ but from where I don't know. The turn could be from 21, 20, 19, 18$. I will wait for a fives wave(an impulse wave) from the zone of 18-21$ and rise above 23.15 and then I try to get a long position in a falling correction. This is my strategy, in a particular that the RR ratio will be above 2.5.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.