Join The Community

Search

Thursday, 20 September 2012

Crude Oil H4 & Daily Update


On Daily chart we can see that price hit 78.6% Fibo Retracment level as a wave 4 top and DID NOT overlapse wave 1 from this bearish impulsive count.

On H4 we can see that the price is on 38%Fib Retracment of latest wave 4up and we need futher price progress to be sure that top is in, like breaking 50 and 61% of Fibo Retracment.

Right now first clue (break of previous wave 4 of lesser degree in impulsive fashion) favours more bearishness yet to come.

Seb


0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget