Rationale:
I nevertheless favour my bearish impulsive count but then far the unsmooth oil shows non much of impulsive bearish development. So I came upwards alongside option count, that rails possibility of only about other leg upwards for oil, starting alongside this Exapnding Leading Diagonal Wave 1.
Right similar a shot oil is on rails for a retacement or breakout - equally showun on chart. The rectangles marks the primal weekly areas of high probability of reversal. If nosotros run into only about bullish cost activity there, nosotros powerfulness aspect to a greater extent than upside to come. Break through volition ineventably Pb to to a greater extent than losses inwards unsmooth oil as well as really belike to novel depression equally moving ridge five progress.
Entry:
(1)Buy Limit into orangish rectangles surface area @ 88.00 - 87.80 or 87.23 - 87.07
SL: Very tigh, only below 87.80 or 87.
TP: Above moving ridge two high.
(2) Sell Market on downside rallys if mentioned levels are broken (sell the spikes up)
Take care,
Seb
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