USOIL doesn't follow any pattern (Elliott, XABCD, ABCD) in my analysis. I really don't know where it will go.
I think if UKOIL keeps going down until the end of this week, so it would be confirmed as an ELLIOTT wave pattern and may be have two scenarios: + Scenario 1 (blue waves): (a) ~ 43.89 ; (b) ~ 45.76 ; (c) ~ 42.37 + Scenario 2 (red waves): (a) ~ 42.37 ; (b) ~ 45.76 ; (c) ~ 38.97 Please note that I'm not a trader and just studying technical analysis. So this is...
I see a big jumbo aircraft turned to be a jet plane and will be a rocket or ...?
STILL WAITING TO CONFIRM THE ELLIOT WAVE IN UKOIL
I think the 1-2-3-4-5 waves of this Elliot seems have some rules with Fibonacci. So I try to image the a-b-c waves in these rules. Hope you could find out my idea. Thanks for interesting.
Don't think it could be similar Elliot waves in weekly chart too. Still wait to see but if it's true, this week could be a crucial week. Just something really want to share to learn more from everyone. Thanks for your interesting.
Wait to see could it be an Elliot waves in daily chart.
I'm still wondering if it were an Elliott finished?