Yoo_Cool

WTI decline ahead

Yoo_Cool 업데이트됨   
NYMEX_MINI:QM1!   E-mini 경질유 선물
Basic - there is wave Z (cycle dimension) down ahead. There was possible 1-2 sequence.
Alt - there is wave C of (2) ahead.

Both scenarios consider decline.
코멘트:
More details at 1H timeframe.
In the short-term some upside under both scenarios. And decline after
코멘트:
Structure develops according to Basic and ALT scenarious.
The current decline suits the third-wave character.
코멘트:
Between 91-85 there is a target for the alternative scenario. A=C in (C)
코멘트:
Possible ending for the corrective rise.
코멘트:
The rise made an impulsive pattern. That's why there are some changes on the short-term scale.
There is more 1-2 sequence under the Basic scenario
ALT - more upside possible even higher 111,540
코멘트:
코멘트:
It appears that there was a Flat
Basic - in wave ii
ALt - in wave ((b)) of C
코멘트:
The structure is developing.
Basic - there is another third wave to the downside
ALT - there is also a decline in the fifth wave in the C wave.
If there will be a corrective rise it will provide a setup for the short.
The possible targets of this decline are arround the bottom channel line.
코멘트:
There were some changes at the small 1H timeframe. I think that there was just wave (i) and not 1-2 sequence, because that provide too sophisticated structure (IMHO)
코멘트:
The structure develops but gets more sophisticated. That is not good for the basic scenario. But adds more ground for the Alternative.
The next move under both scenarios is to the downside. In case the basic scenario plays out that should be a big decline in the third wave of many dimensions.
In case the alternative is in place then there should be only a moderate new low at a level around 84-85+-.
코멘트:
The price in the target zone.
Of cause, there is needed confirmation for the turn, which is not yet the case.
코멘트:
Basic - there is quite messy development for wave 3, so I leave without lower-level wave counts. The main idea - there is more downside potential. But with the last developments in structure, I consider this basic scenario to lose ground.
ALT - Start of the substantial rise after the end of wave C. There are possible waves (i) and (ii). The shape of wave (ii) is Flat with the last impulsive subdivision to the downside.
All in all, I still can not through away this basic but as soon as we get more confirmation from the market (complete impulse from the last bottom) I will change ALT to Basic.
거래청산: 타겟 닿음
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