Possible targets for this bearish trend
The oil was in consolidation for 49 days which is the same as the rising time from 42.01 to 62.55. Then it started going down at 24.06.
Price target:
If CD = 1.272 AB, the target is around 53.82;
If CD = 1.618 AB, the target is around 51.75.
Time target:
If the time of wave C is as same as wave A, the bearish will finish around 16.07 or 17.07.
If the time of wave C is as same as consolidation time, the bearish will finish around 12.08.
Time is as important as price!
Good luck!
Price target:
If CD = 1.272 AB, the target is around 53.82;
If CD = 1.618 AB, the target is around 51.75.
Time target:
If the time of wave C is as same as wave A, the bearish will finish around 16.07 or 17.07.
If the time of wave C is as same as consolidation time, the bearish will finish around 12.08.
Time is as important as price!
Good luck!
Pubblicazioni correlate
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.