Crude near bottom, be ready to long.
Hello friends
Here today I did a wave count on the H4 and I see that we have completed 5 waves down and now nearly completed the correction with a zigzag having the appearance of a possible barrier triangle. This should be by all rights bottom and from there we should see a nice push to the upside.
It is possible to break down further but I would not short this but to only wait for the long. We are oversold and are looking only for the bottom, the best money is to wait for the long.
Trade Safe
Cheers.
Here today I did a wave count on the H4 and I see that we have completed 5 waves down and now nearly completed the correction with a zigzag having the appearance of a possible barrier triangle. This should be by all rights bottom and from there we should see a nice push to the upside.
It is possible to break down further but I would not short this but to only wait for the long. We are oversold and are looking only for the bottom, the best money is to wait for the long.
Trade Safe
Cheers.
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