OANDA:WTICOUSD   West Texas Oil
WTIUSD update. I would like to continue my analysis. Apparently, the D1ATR analysis strategy worked flawlessly. The current analysis shows the axis of the ascending wave sequence (orange line). According to the rule of wave techniques, the wave motion formed on the wave axis attempts to build a symmetrical shape on the axis. We start from this rule. If this assumption is correct, an additional ascending wave sequence is formed. The target price may be 67.76usd.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.