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Realities of Forex Investment
#3821 Posted : Tuesday, May 14, 2019 5:45:56 PM
Rank: Veteran

Joined: 10/11/2006
Posts: 1,811

Am into Oil also now. This one XTIUSD (West Texas Crude Oil). I expect the market to fall slightly in blue wave 4 to about 60 or 59 (the pink horizontal trend lines) then rise strongly in a fifth wave (remember commodities have explosive fifth waves). The target for the rise is about 70s and possibly 73s. See the white trend line for guidance.

Thereafter oil should fall strongly to below $40s per barrel toward $20s. Unbelievable? That's what Elliott says for now.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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