inverse H&S found support on neckline at 58
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im still learning :). I see a lot of people being biased that oil should go down and being to close on hourly charts, clouding there judgement. this is what i see and will trade. be carefull shorting guys. dont be biased
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no finanicial advice, i just love puzzeling
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i just wanted to add, that im also biased that oil should go down. at the end the demand will go down, but thats for the coming years/decades. electric cars by far not efficient enough imo etc
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wave 1&2 overlap i know, channel must form or be some kind of diagonal, like the dxy has
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nice target for wave 4 would be on the neckline of the H&S (extend the line).
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Note: i put target for wave 3 lower in the update, but like the above chart it could break up higher. we will see
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wil it be the extension fib level of wave 1 or top of the channel :)i dno
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wave 1&2 can overlap ignore that, was confused with my dxy chart, excuse me
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hyper ext B wave
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give more accurate target as wave progress to C