The price is currently at a key level, testing both support and the trendline. 1. Bearish Scenario (Breakdown): - If the price breaks below the support level, it may indicate the beginning of an ABC correction in the Elliott Wave pattern. - Action: Open a SHORT position with a smaller lot size. - If the price then retests the broken support (now acting as...
if you couldn't open entry from the bottom, now is a good time to buy again
It is the Elliott wave and will break out the trend line and start going down soon.
you can sell from the top of the channel. also you can sell if it breaks the short time trendline.
This could happen. but, i am not sure. But I am pretty sure that Elliot wave abcd has begun.
Oil price broke "long-term trend resistance" and also it looks like 5th elliot wave. So if the price breaks the rectangle you can buy.... Also, If it bounces the last support zone you can buy too.
If it is getting a rejection on the top of the channel you can sell. If it breaks the channel you can buy