ElliottWaveBelgium

Oil - Approaching potential resistance. How deep the reversal ?

TVC:USOIL   WTI 크루드 오일 CFDs
Oil seems to be finishing a 5 waves move and approaching potential resistance zones which are the Fibonacci clusters in green at 113, 115 and 118.

I do not know which one of those will act as resistance but one thing is sure, it's time to take profits off the table, not add new positions for the short term at least.

On the hourly time frame, we can see that we're potentially finishing a 5 waves move.
Notice that the Fib projections also come around the same levels as the 15min chart.


Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.