This post is in continuation of the long term analysis of crude done (here) on 30/4/15 and short term analysis done (here) on 28/10/16. This post shows both short term and long term possible counts.
The following is the weekly chart. It appears that b was completed in February last year and the prices are now moving up to complete c of B. If a = c then the target for c of B comes to around 108.
The following is the weekly chart. It appears that b was completed in February last year and the prices are now moving up to complete c of B. If a = c then the target for c of B comes to around 108.
Following is the daily chart since the lows made in Feb 17. It appears that prices so far may have completed nested 1-2, i-ii. If this is correct,prices may now move up fast to complete wave iii (assuming there is no more nested (i)-(ii)) The Fibonacci reatracements are worth noticing.
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