Crude oil - Elliott Wave Count
Certainly, here is the rewritten text:
Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining from taking long positions in a bearish market. Instead, it would be prudent to wait for a reversal and take a short position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
USOIL
USOILSPOT
USOIL.F
CRUDEOIL1!
CL1!
USOIL
OIL_CRUDE
Certainly, here is the rewritten text:
Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining from taking long positions in a bearish market. Instead, it would be prudent to wait for a reversal and take a short position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
USOIL
USOILSPOT
USOIL.F
CRUDEOIL1!
CL1!
USOIL
OIL_CRUDE
