Hello traders.

I believe oil has great potential for upside. But first, it should go down in order to complete daily corrective structure. There isn't any divergence in up move. So, it can keep going up, and break previous top. This scenario won't change my expectation, but I will start to look at running or expanding flat instead of regular flat. In any case, I'm expecting a nice drop. I hope it starts now. I have an entry order and I didn't set any target yet. This is my medium-term forecast:

لقطة
تم فتح الصفقة
ملاحظة
I moved my stoploss over the correction to reduce the current risk.
لقطة
ملاحظة
move stoploss to breakeven
أغلقت الصفقة: تم الوصول لوقف الخسارة
Elliott WaveWave Analysis

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