WTI Crude Oil: Elliott wave evaluation and forecast for 16.09.2022 – 23.09.2022


Most important situation: take into account quick positions from corrections beneath the extent of 90.26 with a goal of 69.28 – 54.60.

Different situation: breakout and consolidation above the extent of 90.26 will permit the asset to proceed rising to the degrees of 98.30 – 115.90.

Evaluation: the primary wave of bigger diploma (1) is presumably fashioned on the every day chart, and a draw back correction is unfolding because the second wave (2). Waves A of (2) and B of (2) are presumably fashioned on the H4 chart, and wave C of (2) has began creating. Apparently, the primary counter-trend wave of smaller diploma i of C fashioned, an area correction developed because the second wave ii of С, and wave iii of C began forming on the H1 chart. If this assumption is right, the asset’s value will proceed to fall to the degrees of 69.28 – 54.60. The extent of 90.26 is vital on this situation as a breakout will allow the value to proceed rising to the degrees of 98.30 – 115.90.

Worth chart of USCRUDE in actual time mode

The content material of this text displays the creator’s opinion and doesn’t essentially replicate the official place of LiteFinance. The fabric revealed on this web page is supplied for informational functions solely and shouldn’t be thought of as the supply of funding recommendation for the needs of Directive 2004/39/EC.

Fee this text:

{{worth}} ( {{depend}} {{title}} )


Please enter your comment!
Please enter your name here

Share post:


More like this

Ed Sheeran going through a second copyright lawsuit

Ed Sheeran has discovered himself on the centre...

One thing I Was Fallacious About

I’ve been mistaken quite a bit in my...

Triller secures $310 million funding forward of deliberate This autumn IPO

A lot of the worldwide financial system is...