Crudeoilwti
Crude Oil Elliott Wave IdeaUpdate on previous idea >
Nearing the 0.5 retracement level which coincides nicely with the 1.414 extension, could be nearing the end of wave Y of B, unless this gets more complicated (WXYXZ)
CRUDE OIL SHORT after FAKEOUTHey tradomaniacs,
previous Tweet from Trump caused much shakyness in the Stockmarket due to the fact that hope for a coming stimlus in the near future.
As President Trump told representives to stop until after the election all hope for further stimulus in the near future is apparently gone... well at least it makes it less likely to see a stimulus soon.
As mentioned a lot of time last week it is the current number one topic of the market as more liquidity is one of the tools the central banks use to support the economy with consume and investments.
A continuation could cause trouble for CRUDE. Technically we see a nice progression of a fakeout and so probaböy a nice chance to short as soon as Curde closes below the trendlone and marked-up support-zone.
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Peace and good trades
Irasor
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Crude oil Buy / Sell Based on Fibo and GannBuy at 2963 stop loss 2930 Target 3030
Sell at 3010 Stop loss 3030 Target 2979 / 2963
If buy triggers first then go with buy side and leave the sell view
If sell triggers first then try both the levels
Fibonacci and Gann always rocks support us follow us and research with us