CMP 65.83
Resistance: 77.80
As per my view, we have started wave 5 at 77.80 from the bigger picture.
As usual, my strategy still SELL ON RISE.
I expect the following levels in Crude.
Retracement Levels: [64.48], 57.34, 50.89, 33.19 (100%).
As per wave 1: 57.20.
As per wave 0-3: 63.11, 58.44, 57.3, [53.88], 50.48, 47.32, 38.95.
My ideal targets: 64.7-[64.48]-64.3, 63.3-[63.11]-63.00, 58.7-[58.44]-58.2, 57.5-[57.34]-[57.2]-57.00, 54-[53.88]-53.6, 50.89, 50.48, 47.32, 38.95.
Crude is now at important retracement level 61.8% (around 64.5). If crude resisted by 77.80/78 I expect the following downside targets 63.3-63.11, 58.7-58.44, 57.6-57.34, 54.10-53.88, 50.9-50.48, 47.6-47.32.
Resistance: 77.80
As per my view, we have started wave 5 at 77.80 from the bigger picture.
As usual, my strategy still SELL ON RISE.
I expect the following levels in Crude.
Retracement Levels: [64.48], 57.34, 50.89, 33.19 (100%).
As per wave 1: 57.20.
As per wave 0-3: 63.11, 58.44, 57.3, [53.88], 50.48, 47.32, 38.95.
My ideal targets: 64.7-[64.48]-64.3, 63.3-[63.11]-63.00, 58.7-[58.44]-58.2, 57.5-[57.34]-[57.2]-57.00, 54-[53.88]-53.6, 50.89, 50.48, 47.32, 38.95.
Crude is now at important retracement level 61.8% (around 64.5). If crude resisted by 77.80/78 I expect the following downside targets 63.3-63.11, 58.7-58.44, 57.6-57.34, 54.10-53.88, 50.9-50.48, 47.6-47.32.
