Oil seems to be completing its corrective wave B and is now looking to bounce for wave C of the correction.
My OTE is at S1 around 48.15, however I will enter on evidence of a notable bounce.
The target for this trade is 68.50, which would result in the length of wave 3 equalling the length of wave A; and my stop loss is just under S3.
My OTE is at S1 around 48.15, however I will enter on evidence of a notable bounce.
The target for this trade is 68.50, which would result in the length of wave 3 equalling the length of wave A; and my stop loss is just under S3.