Crude Oil .... Will the market put a cap on this ?
A trend continues until it doesn't.
Crude in my opinion looks a little toppy after a great run.
4th touch of the upper channel with the previous three indicating a reversal.
Interestingly they are similarly equidistant between each other.
Just a suggestion that things won't go up for ever.
Let a reversal emerge first that is actionable.
Do your own due diligence, respect market and political events.
Not investment advice.
S.
Crude in my opinion looks a little toppy after a great run.
4th touch of the upper channel with the previous three indicating a reversal.
Interestingly they are similarly equidistant between each other.
Just a suggestion that things won't go up for ever.
Let a reversal emerge first that is actionable.
Do your own due diligence, respect market and political events.
Not investment advice.
S.
Nota
From an Elliott perspective if Wave 1= Wave 5 then we have seen the top .Nota
A trend can continue loner than you think....
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.