Crude 32.66 7:21 AM IST
As long as crude supported by 27.54, I expect to see minimum 36.59% which 100% of wave w as per the chart. But as per my understanding wave 4 can make 23.6%/38.2 as retracement and reverse.
Still this looks like a a w-x-y pattern and I expect to see 100% of wave w to complete wave 4 and the final down move to the ultimate target 21$/19.89.
Please comment on my chart and let me know if I am anything wrong, because, I am newbie in analysis.
Now from the smaller tf, if crude resisted by 32.84, we may see a tracement towards 32.1-31.7 and from there revere upside with the support of 31.33$.
As long as crude supported by 27.54, I expect to see minimum 36.59% which 100% of wave w as per the chart. But as per my understanding wave 4 can make 23.6%/38.2 as retracement and reverse.
Still this looks like a a w-x-y pattern and I expect to see 100% of wave w to complete wave 4 and the final down move to the ultimate target 21$/19.89.
Please comment on my chart and let me know if I am anything wrong, because, I am newbie in analysis.
Now from the smaller tf, if crude resisted by 32.84, we may see a tracement towards 32.1-31.7 and from there revere upside with the support of 31.33$.
