AristotelCostel

AristotelCostel

OK, the divergence is now certain and a retracement of AO towards zero is expected, where the fourth wave is supposed to finish. However, there is still the possibility of a new lower low in price before the fourth wave actually begins. :)

AristotelCostel

I replaced the MACD with the awesome oscillator.

AristotelCostel

Which means a new lower low. :D

AristotelCostel

I've just published a similar divergence forming on the daily plot of EURUSD. Oil has already finished its fourth wave and started the fifth wave. Fundamentals? Debt deflation => carry trade reversal => strong dollar

AristotelCostel

This is no trade position. I just wanted to point out a divergence of the price in relation to Elliot wave oscillator. Since I do not own the script of this indicator, MACD is just... fine. :D (L.E. I've just found out that the Awesome Oscillator indicator is available.)