WTI Crude Oil: Elliott wave analysis and forecast for 07.06.24 – 14.06.24
Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00. Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on the daily chart, with wave С of (2) unfolding as its part. Apparently, an ascending correction is completed as second wave of smaller degree ii of C on the H4 time frame, and the third wave iii of С is unfolding. A... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00.
Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00.
Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on the daily chart, with wave С of (2) unfolding as its part. Apparently, an ascending correction is completed as second wave of smaller degree ii of C on the H4 time frame, and the third wave iii of С is unfolding. A... Read full author’s opinion and review in blog of #LiteFinance
