Crude Oil Futures (Feb 2017)Diupdate Getting ready for wave C of Crude Oil consolidation
Wave count suggest CLG2017 is consolidating within 50.5 - 55.5 range in wave IV.
We might see a little push up to 54.8 tomorrow. Invalidation level for this trade is 53.18 level. We might see a 53.4, during asian or european session, but I don't think we will go down further.
As Crude will complete a zigzag in wave B into a major confluence level @ 54.8 I recommend to take short position in anticipation of impulse wave C.
@ 54.8 we have
CLG2017 is consolidating within 50.5 - 55.5 range in wave IV. We might see a little push up to 54.8 tomorrow. Invalidation level for this trade is 53.18 level. We might see a 53.4, during asian or european session, but I don't think we will go down further.
As Crude will complete a zigzag in wave B into a major confluence level @ 54.8 I recommend to take short position in anticipation of impulse wave C.
@ 54.8 we have
- (A) = (C)
- 1 of (C) = 5 of (C)
- wave A 0.886 retracement
- 1.618 XA projection from bearish crab harmonics
Catatan
wave 5 of (C) came out to be 1.618 of wave 1 and fall 4 cents short the start of wave (A)Catatan
Plan for next weekShort @ 54.5 Stop @ 54.7 Target 51.6
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.