could be a great short, I try to come with some more WTI counts.
not the biggest fan of this chart, but needed to be put out. i don't like the (ii) & (iv) "look".
Longer term view with flat formation with a 150% retracement (B)
jeffery kennedy trend channel example not much to it
possible extended v in the last leg of the corrective could be possible larger trend top or we could be in the start of a sideways correction like a double or triple three
possible double zigzag collecting some margin calls towards 4200 before the larger trend Y or C develops
the rarest of rare ending diagonal in the wave c position...its actually a crap trade imo
great move off the 38.2% retrace of the intermediate A/W could see 426 - 427....both time and price at 100%
Another SPY count here with leading diagonal as possibility. not the biggest fan. if you look at the structure of the previous up move, doesnt give me alot of confindence that we could be in a longer term bull market or just starting one
leading diagonal is a clear possibility with a 2.5 r/r.....meh, but its a good watch
another count to chew on. flat correction towards 4600, will we see it? highly unlikely
another possible count with a flat correction ending a bear trend
double three in this count at the 38.2% time retracement with 4,000 pt
in this count primary A/W completed on 6/16/22 @ 3,664 projection of B/X completes by early august 2022 23.6% of A/W = 8/5/22 (time fib retrace) price cluster (sloppy tho) 4024 - 4036 most concerning part of chart = 4/25/22 @ 4,200 subwave 3 ext 123.6%
what you see is what you get, projected c wave before the fall
this count starts a C/Y wave sub of larger degree correction.
update on penny stock slot maker....boom or bust chart here, its gonna be volatile either up or down. favor sides with the bulls imo.
higher prob that move from mid March 2020 to Apr of 2022 was a reactionary wave to the bear move of June 2008 to March of 2020. I was expect to see a flat correction to this zigzag