Posted by DigiNomad on 19th of Mar 2024 at 01:42 pm
Crude (CL) - 1 hour looks like wave 5 but this daily looks great
in an apparent wave 3 after break of the cycle indicator to the
upside. The inflation party is on.
On second thought - maybe not. The MA ribbon suggests this is
a wave 5 and is likely to fail on the push above the cycle
indicator (I'm just counting color changes). The longer I look at
this chart, the more complex the wave count becomes. Haha. This one
seems kind of complex to me.
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Crude (CL) - 1 hour
Posted by DigiNomad on 19th of Mar 2024 at 01:42 pm
Crude (CL) - 1 hour looks like wave 5 but this daily looks great in an apparent wave 3 after break of the cycle indicator to the upside. The inflation party is on.
On second thought - maybe not. The MA ribbon suggests this is a wave 5 and is likely to fail on the push above the cycle indicator (I'm just counting color changes). The longer I look at this chart, the more complex the wave count becomes. Haha. This one seems kind of complex to me.