Crude looks to be heading down as an Impulse (Elliott Wave Analysis)

Neerav Yadav 50 Eyes Market Analysis

Crude :Unlike the previously mentioned scenarios where a pullback was expected, it seems Crude is heading straight down to complete the Impulse.

Crude H4

Since the move down in a nested 1-2-i-ii formation and has already achieved the minimum target level for the Wave C).

Crude 1H

Strategy : Look for shorting opportunities on Intraday level till T2 level and possibly even lower. Once we see a clear completion of the Impulse we can look for long trading opportunities.

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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