USOIL-Wave (5) is an ending diagonal and will get reject @ 69-70$
#OPINIONLEADER# #PriceAction# #CrudeOil# #Commodities# #energy#
MARKET COMMENTARY:
1. Previous i thought the wave 4) is still ahead in a regular flat or a triangle or a irregular flat.
2. Now i got a conclusion the wave 5) is in diagonal pattern (3-3-3-3-3) as i shown here...
3. Now i am expecting with in 69-70 it will get rejection and downtrend expecting in a 3 waves...
4. In other hand USDCAD is also broke the previous low 1.2013 and anytime it will bounce (my
bias).
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Edited 01 Jun 2021, 23:07
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