Solid News

WTI Crude Oil, Elliot Wave Analysis

2/27/2023 10:22 AM

The price is in a correction and may grow.

On the daily chart, the first wave of the higher level (1) formed, a downward correction develops as the second wave (2), within which the wave А of (2) formed, and the upward wave B of (2) develops. Now, the wave of the lower level c of B is developing, within which the wave (ii) of c has ended. If the assumption is correct, the asset will grow to the area of 85.00–93.60. In this scenario, critical stop loss level is 73.50.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023