Foremost situation: contemplate brief positions from corrections beneath the extent of 77.30 with a goal of 60.00 – 54.50.
Different situation: breakout and consolidation above the extent of 77.30 will enable the asset to proceed rising to the degrees of 88.00 – 94.50.
Evaluation: the primary wave of bigger diploma (1) is presumably fashioned on the every day chart, and a bearish correction continues growing as second wave (2). Wave С of (2) is presumably forming on the H4 chart, with an area correction accomplished because the fourth wave of smaller diploma iv of C inside. The fifth wave v of C began unfolding. Apparently, wave (iii) of v is growing on the H1 chart. If the presumption is right, the asset’s worth will proceed falling to 60.00 – 54.50. The extent of 77.30 is crucial on this situation as a breakout will allow the worth to proceed rising to the degrees of 88.00 – 94.50.
Value chart of USCRUDE in actual time mode
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