Oil price show clear impulse wave analysis
I think Zigzag corrective is already finish
by the Elliott Wave Theory rule that
Wave C structure is :
- 100% of Wave A: This means Wave C is the same length as Wave A.
- 161.8% of Wave A: Wave C is 1.618 times the length of Wave A.
Sometimes, Wave C can even extend to 200% or 261.8% of Wave A, though these are less common.
Now price is down in C lag about 261.8% already
So this is OK place to bet
because if we count it right we can hold until next impulse happen with good RR
I think Zigzag corrective is already finish
by the Elliott Wave Theory rule that
Wave C structure is :
- 100% of Wave A: This means Wave C is the same length as Wave A.
- 161.8% of Wave A: Wave C is 1.618 times the length of Wave A.
Sometimes, Wave C can even extend to 200% or 261.8% of Wave A, though these are less common.
Now price is down in C lag about 261.8% already
So this is OK place to bet
because if we count it right we can hold until next impulse happen with good RR