Commodities: WTI
Frequency: Daily/Weekly
Predicted Direction: Long (Long-term)
Ending Diagonal Triangles from Jun 2015 is nearly finished, which belongs to the downside impulse wave (5) of the cycle corrective wave "b" from July 2008. The Diagonal Triangle comprised the 5- inner wave with the ABC pattern as a contracting wedge and it seems the ending sequence is coming soon.
WTI is expected to rise when the price breaks through the upper triangle boundaries and target at the price of 57.50. If the price can stand steady above the upper green trend line then WTI is able to test for the next potential resistance line of 62.56, combining the level of May 2015 High and 61.8% Fib)
Frequency: Daily/Weekly
Predicted Direction: Long (Long-term)
Ending Diagonal Triangles from Jun 2015 is nearly finished, which belongs to the downside impulse wave (5) of the cycle corrective wave "b" from July 2008. The Diagonal Triangle comprised the 5- inner wave with the ABC pattern as a contracting wedge and it seems the ending sequence is coming soon.
WTI is expected to rise when the price breaks through the upper triangle boundaries and target at the price of 57.50. If the price can stand steady above the upper green trend line then WTI is able to test for the next potential resistance line of 62.56, combining the level of May 2015 High and 61.8% Fib)
노트
노트
노트
Break the Diagonal Triangles. If the price finds support above the green uptrend line then I will expect oil will above to test for higher level in the end of 2017
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.