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Old 01-02-2021, 06:05
MikhailLF MikhailLF is offline
Level V Lasers Member
Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

WTI Crude Oil: wave analysis

The price may grow.

On the daily chart, a downward correction of the higher level developed as the wave B, and the formation of the upward wave C started, within which the first wave 1 of (1) of C develops. Now, the third wave of the lower level (iii) of iii of 1 is forming, within which a local correction has developed as the wave iv of (iii). If the assumption is correct, the price will grow to the levels of 60.0065.50. In this scenario, critical stop loss level is 49.06.

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