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

Date:


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

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