WTICOUSD 4.85% decline ahead. Those who have been following my analysis have seen that I make my predictions using various mathematical model calculations. These include wave techniques , fractal techniques and ATR based calculations. My current analysis is a pure ATR based calculation. We start from the basic theory that the formation of a double wave sequence is given by the percentage size of the ATR of the previous wave sequence. Currently, a double downward wave sequence may be forming in the price movement of WTI. The size of the ATR decline during the first wave sequence is given. Our assumption is that the size of the second wave now forming is equal to the percentage size of the first wave sequence falling ATR. The percentage size of the first wave phase is 7.46% Therefore, we expect the size of the next falling wave to be 7.46%. Target price : 61.28 usd
Note : ATR can be measured on different trading terminals. There are many indicators from which data can be used to extract the ATR size. Almost any indicator that uses average value data in its underlying mathematics is suitable.
Note : ATR can be measured on different trading terminals. There are many indicators from which data can be used to extract the ATR size. Almost any indicator that uses average value data in its underlying mathematics is suitable.