WTICOUSD long waiting for entry. The analysis shows two fractals. If we look at the first fractal. You can see how the wave sequences are doubled within the fractal. We expect similar laws in the second fractal. But complicate it. The structure of the second fractal wave is basically larger than that of the first fractal. This is because the distance between the...
I suppose a fractal repetition can develop. The figure shows that in both cases the rise begins with an upward eruption from a descending channel. This is the scenario I am expecting right now. Therefore, in the coming time I will be looking for long positions in the oil price.
My analysis introduces a fractal sequence rule. These patterns are typical of ascending fractals. It is based on the doubling of related ascending fractal pairs. The decreasing correction fractal pairs are halved. Based on this regularity, it can be assumed that the WTICOUSD exchange rate may be ahead of your longer-term high. The target price is around $ 60.
The exchange rate can build a fractal course. You just left the descending sequence (green rectangle). In case the fractal movement continues, we are now expecting a rising trend channel based on the sequence. The top of this trend channel is somewhere around 74 usd. In this case, the current levels may be suitable for taking a long position.
WTICOUSD 3.29% decrease followed by 18% increase. The rate correction level is 60.1 usd. I'm waiting for this level to test back and then rise. I expect a rise in a double wave structure with a first resistance level of 66 usd. The current motion target price is 70.8 usd.
The wave of the exchange rate (green line) is rising, so I assume that it is moving in the long run. The slope of the ATR axis (white line) decreases, leading to corrective movement. The WTI correction level is 52 usd. I'm looking forward to testing this back.
The exchange rate corrects. Main order decreasing. However, we are looking for long entry points for intra-day trading. The target price of the exchange rate is 53.3 usd. The current level is 15% increase.