Simple chart analysis for OIL update

2024年4月9日

A to B of ABC correction finished. B to C starts new.

2024年4月10日

トレード稼働中

I have found the E.W. on H4. It follows bearish trend.
*Since there is nothing that tells that chart will go up, except the 423% fibonacci, it is wise to close op. . But you can keep it open and do SL track to get some pips.
Making research, it will probably go up at least 85.445.

If it goes really bullish it will cause a manipulation state that will lead to a much larger distribution for the fifth peak of E.W.

2024年4月10日

トレード終了: 利益確定目標に到達

Chart is making a bullish trend on H1. If 3 to 4 is accepted, a buy toward 300% can be done.

2024年4月10日

ノート

Waiting for chart do something. Probably a short hop for fifth peak and then go bearish.

2024年4月11日

トレード稼働中

I'm glad I ignored oil. 😂


Chart will reach 300% of E.W. fibonacci at least.

*fibonacci is between the gap of peak 4 and peak 1.

*I use the tool percent range to know strong zones that cause chart to bounce 1 to 3 times. Then I put on it a fibonacci with only 100% levels.
*Seeing how chart bounce on level 3 and 1, it will probably reach 1 again and bounce toward the level 4 or 5.

2024年4月11日

ノート

The percent range varies depending of currency pair. In this pair 1.00% is good at it seems. On EURUSD would be 0.50%, and so on.

2024年4月11日

手動でトレードを終了しました

It bounced at the 300% and reached below level 2.