Oil has bottomed in 4th wave@43$ as per my previous post
www.tradingview.com/...ook-for-5th-Wave-50/
From lows@43$- It looks we have travelled the first tranche, which could finish in the zone 44.65-44.77 where the 5th wave at minor degree shall complete 61.8% of 1-3 wave distance.
As a good student of technical analysis- I still use my lessons seriously- one of the lessons I learnt few years back was never ever trade against the trend.
Here the trend is upside which has started from 43$ lows- so, It is always advisable only to buy your lots once it takes support in the zone 43.65-43.75 zone where this up move from 43$ to 44.75$ (Not fixed yet) shall be retraced 61.8%.
Any hint in that zone should be looked as buying opportunity- trust me, you will love to be with the trend because movement will be tension free.
Early the next week will be a holiday in India i.e. 5th Sep2016- shall join on 6th Sep2016- Till then, take care & enjoy.
Regards,
Abhishek H. Singh, CMT
www.tradingview.com/...ook-for-5th-Wave-50/
From lows@43$- It looks we have travelled the first tranche, which could finish in the zone 44.65-44.77 where the 5th wave at minor degree shall complete 61.8% of 1-3 wave distance.
As a good student of technical analysis- I still use my lessons seriously- one of the lessons I learnt few years back was never ever trade against the trend.
Here the trend is upside which has started from 43$ lows- so, It is always advisable only to buy your lots once it takes support in the zone 43.65-43.75 zone where this up move from 43$ to 44.75$ (Not fixed yet) shall be retraced 61.8%.
Any hint in that zone should be looked as buying opportunity- trust me, you will love to be with the trend because movement will be tension free.
Early the next week will be a holiday in India i.e. 5th Sep2016- shall join on 6th Sep2016- Till then, take care & enjoy.
Regards,
Abhishek H. Singh, CMT
Handel aktiv:
00:00 Hrs-IST-3rd Sep2016- In callout box - There is a typing error of 0.618%- it should be 61.8%.
Regards, Abhishek
Regards, Abhishek
Handel aktiv:
12:38 Hrs-IST-3rd Sep2016- Slips - Slips - Oil Makes You Slip exactly from the zone 44.65-44.77- Yesterday, made session high@44.675. Vow
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)