WTI Crude Oil: Elliott wave analysis and forecast for 28.04.23 – 05.05.23
Main scenario: consider long positions above the level of 73.00 with a target of 83.35 – 88.00 once a correction is formed.
Alternative scenario: breakout and consolidation below the level of 73.00 will allow the asset to continue declining to the levels of 70.65 – 66.80.
Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a descending correction developed as second wave (2). The third wave (3) appears to be developing on the H4 chart, with the first wave of smaller degree i of 1 of (3) forming as its part. On the... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3ViAtDp
