Oil Elliott Wave Analusis
My last post for Oil have been created almost 7 weeks ago, on 5th April. I was bullish and expect the next impulse up.
Please see this chart.
During last week we have clearly finished the next cycle up. Each impulse followed by a correction in the opposite direction, that's why it is important to know the rules of market behaviour in addition to other forecasting methods.
This is nice example of how to trade ending diagonal in wave (5). Market gives enough time to close your profit from long positions and be ready to the next trading opportunity.
Thanks for likes to my previous EURUSD idea, I'm really grateful and motivated.
Have a good weekend! Don't waste time at monitor! :)
Please see this chart.
During last week we have clearly finished the next cycle up. Each impulse followed by a correction in the opposite direction, that's why it is important to know the rules of market behaviour in addition to other forecasting methods.
This is nice example of how to trade ending diagonal in wave (5). Market gives enough time to close your profit from long positions and be ready to the next trading opportunity.
Thanks for likes to my previous EURUSD idea, I'm really grateful and motivated.
Have a good weekend! Don't waste time at monitor! :)
