Corrective upside move expected in Crude Oil (Elliott Wave Analysis)

Neerav Yadav 50 Eyes Market Analysis

Crude 15: This market did fall down as suggested in the last post and is already near the lower boundary line of the white support zone. From an Elliott Wave perspective it looks like we are in Wave (5) of Wave 5 and hence the downward Impulse is about to complete.

Strategy: Long for corrective move to the upside. Trigger for the same would be a break above the Red Channel.

Author

Neerav Yadav

50 Eyes Market Analysis

Neerav Yadav is a Futures trader who is in the markets since 2014 and trades primarily in Energy Futures, Gold, Indices, Stocks and other instruments.

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