Crude currently seems to be in the ending stages of the first Impulse down from 72.87 level. This Impulse down was sharp as is expected after an Ending Diagonal is formed, from what is visible now we can complete this leg down near 64 or 63.30 level and from there form atleast […]
In my last video report I was expecting bearish movement and so far market has been in line with that view by moving below Wave W low. As of now there are 2 possible cases in which I see this market progressing. Hypo 1 (Red) : Suggests that we are […]
In my last Video Report which was published on 1st December 2018 Crude Oil was trading around 57$ level and my view was that it should see an upward minimum movement till 67.70$, as of now we have seen high till the level of 66.60$ around 1 point lower then […]
In this video I have discussed the Elliott Wave Counts for WTI Crude Oil from the Weekly Time frame (Long Term Counts) down to the Intraday Level (15 minutes chart). As per this analysis it seems that Crude is in a Wave C or Wave 3 rally to the upside […]
Crude Oil so far is moving as projected in my last video report. Below I have discussed more possible scenarios with a detailed look at the 4 hour and 1 hour charts. I currently have 2 counts that I’m following in regards to Crude, the first one above (Read only […]
It look like Crude has just completed a Ending Diagonal and also broken the upper trendline. If this is an Ending Diagonal then we can expect Crude to make new highs from here on. SL : Below 46.40 Target : Last Swing high It looks like a good long […]
After completing Wave 3, it seems that Crude Oil is stuck in a sideways movement as of now which looks most likely as a Triangle. A break above 48.35 or 49.93 would say that things are otherwise. Overall I expect one leg up after the completion of this pattern […]
Previously I was considering that the up move in WTI Crude from 42 levels as a Wave 4 and that we still had a leg down remaining, however it clearly was not the case as that count was invalidated today. The count published in this post is the most likely […]
Following on with the Bearish Count it looks like we WTI Crude is still continuing down with the Wave 3 (Circled). It looks like the lower trendline will be broken as this Wave 3 down continues. You should read this report to get a better understanding of what might be […]
As of now I’m considering the Bearish count in Crude Oil as it seems to be the one being followed. It seems that we are moving up to complete the circled Wave 4 around the 45.70 level and then down for the 5th, it is possible that I might have […]
Crude Oil possible case scenarios (Elliott Wave Analysis) It looks like that from the white marked box we are seeing a 5 legged down movement, currently I have 2 counts for this situation, Black and Red, both counts are quite probable, my bias is slightly towards the red count that […]
As such the situation in Crude Oil has been quite complex and I believe that this is a wait and watch situation as of now. I have a bullish as well as a bearish count and it remains to be seen that which count will play out. Learn […]
This bearish count seems very less likely to play out however is still a possibility and hence should be considered as an Alternate Count. Click here to check the last post to see the main count. Learn to trade using Elliott Wave Principles – My Video Course To receive these […]
It seems that Crude is in the last stages of what I see as an Expanding Ending Diagonal . I will wait for confirmation however as this market has already fallen below the 61.8% mark of the previous up swing. 45.47 is key support level. I will update […]
Crude looks to have formed a reversal right at the crucial support level of 46.90, if this support level is held then this is most likely an Ending Diagonal in Wave C. If things go as expected this market will see levels above 51.95 in the upcoming sessions. I will […]
