WTICOUSD correction comes. Two falling fractals can be identified in the exchange rate (red wave). The starting moment of the second wave structure is greater than the initial moment of the first fractal. As a result, the fractal structure of the second wave may increase with the ratio of the two moments. It's around 1.27. If the counting is correct, this ratio of ...
WTICOUSD double rising wave structure. I expect the exchange rate to rise further. The rate of rise may be equal to the size of the first wave structure of 0A. The target price increase for BC wave structure is 79 usd. Then I expect a correction, the size of which is close to the structure of the AB wave. At this point, the exchange rate may fall back to the USD ...
WTI is a big correction or further increase. The WTI target price is far above 80 usd. The question is not that. The WTR ATR value of the exchange rate is low. Which means that a strong correction can occur in this range. If it arises, the target price of the correction is 51 usd. The exchange rate is now expected to reach 80 usd. The current rate is just not ...
Crude Oil at resistance level, going above 61.535 opens the upside to 63.60/64. Buy on daily close above 61.535. Attention to fundamentals, inventories, and OPEC before decision is made.
WTICOUSD has reached the correction level of 61.96 usd and is turning. I expect the exchange rate to rise further. The primary target price is USD 63.77.
WTICOUSD 2 wave rise. The first wave of ascension starts now. The target's wavelength is 66 usd. From this level, I expect a correction to reach 63.3 usd. Then a second-wave structure of almost the same size. For this purpose, we can have a level of USD 68.3 usd.
WTICOUSD rising wave motion. Currently, a flat ATR axle takes place, so I expect a recurrence wave to 57.16 usd. From this level of adjustment, a more steep rise can begin. For which purpose it is around 63.39 usd level. The second wave rises with a higher slope and velocity.
WTICOUSD corrects movement. The correction level of the exchange rate is visible at 51.43 usd level. From this level, I wait for a repeat rise. The height of the rise can be the same size as the previous wave. For the exchange rate it is a neighborhood of 67.79 usd. Probably this level is available for the first few days of February 2018.
WTICOUSD's price moves upward. We assume that the correction is complete. The next rising wave structure is likely to be the same as before. This is also confirmed by the ATR axis angles. In case this assumption is correct, then the next target price is around 56.59 usd.
WTICOUSD rates accelerate upward movement. The exchange rate entered the second stage of the exponential course. At this stage, a strong upward momentum can move the exchange rate. If the assumption is correct, then the exchange rate may reach 58.5 USD. I note that not only the upward section is increasing in this range, but the amplitude of the downward ...
WTICOUSD ascending motion. According to our strategy we have drawn up the long-term wave structure of the exchange rate. Currently, the exchange rate is in a 43-53 usd band. Quarter wave amplitude. Our assumption is that the upward exchange rate will hit the USD 53 higher. It then begins to make a repeat correction. We estimate its size to one-eighth. Then, ...
WTICOUSD's shares are on the upward trend. In our opinion, this rise may be slightly stalled by reaching the 51.16 usd correction level. But this is just a temporary stop. At this level we assume a rebound up to 47.60 usd. Then a larger upward wave is expected to be close to 62.58.
53$ has held strong on WTI since December 12 and we've not had a close above this price at all. IF we get a retest of 52.75 or above and a daily fail we should start to see lower lows been made.
Watching closely for price to find resistance at the longer term trendline from low of Apr 4th.
Over sold on Stoch, RSI getting close and CMoney Flow suggesting reversal.
Bullish Divergence on 4hr chart also evidence for the reversal.
Targeting the monthly pivot at 48.24
