Hi Traders,
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B).
After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave.
Looking for hundreds of pips on this long position!
Carlos
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the start of A, C end between A and B).
After the running flat happened we can now say we are going uptrend towards from 2 to 3 in the primary wave.
Looking for hundreds of pips on this long position!
Carlos
