Good Morning To All!!!
Premarket Analysis of Crude:
If ABC correction of wave 4 completed, then we can see upmove. If C of Wave 4 not completed, then we can see some down move targeting 6163 - 6140. if this happens, best buy level is around 6154.
Wave C of Wave 4 can be confirmed, if price reaches 6181 and above. If so, we can initiate buys between 6170-6180 with Strict SL 6160/6155.
If correction is over, then targets from 6163 are: 6227, 6246, 6280-6295. For any buy of this view, SL should be 6160/6155. Safe SL would be 6140. Will update on SL after the market opens.
If correction is not over we can see down move towards 6150-6160. Let us see, how this unfolds.
NOTE: After the completion of the 5th wave, there will be a ABC Correction which will be big, will update exact entry, sl and tgt later.
Premarket Analysis of Crude:
If ABC correction of wave 4 completed, then we can see upmove. If C of Wave 4 not completed, then we can see some down move targeting 6163 - 6140. if this happens, best buy level is around 6154.
Wave C of Wave 4 can be confirmed, if price reaches 6181 and above. If so, we can initiate buys between 6170-6180 with Strict SL 6160/6155.
If correction is over, then targets from 6163 are: 6227, 6246, 6280-6295. For any buy of this view, SL should be 6160/6155. Safe SL would be 6140. Will update on SL after the market opens.
If correction is not over we can see down move towards 6150-6160. Let us see, how this unfolds.
NOTE: After the completion of the 5th wave, there will be a ABC Correction which will be big, will update exact entry, sl and tgt later.
