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Crude is performing as anticipated. wave 3 topped at 67.79 and Wave 4 correction is taking place now.After the completion of wave 4, crude will resume rally to complete wave 5 of the same degree.

Bullish structure, today's low is a key support.

UPDATE

The bullish trend starts losing momentum.Technically speaking,There is a strong probability that we have seen the top of wave 3 at 67.79,a clear close below 63.10 will confirm it. After the completion of wave 3, a large downside correction is expected to take place to complete the wave 4 of the...

A broader perspective which is useful for medium to long term swing traders and also for hedgers.Weekly EW outlook.

UPDATE

Market dropped over 230 pts after the completion of the 5th leg of the expanding diagonal triangle. The emini sp needs a clear close below the 4th leg of this expanding diagonal triangle to accelerate the downside move.

A close above 140.45 will abort this bearish outlook.

The current downside move is considered a correction within a bullish trend.

End of move most of the time is tricky and needs very close follow up and adjustment to the trading strategy.

UPDATE

Update

Inter-swings correlation ( time, price, measurments,momentum,..etc)

The upward took place. You have to take into consideration that the 5th leg make some extension outside the box most of the time .

https://www.elitetrader.com/et/threads/comex-copper-still-showing-bullish-structure.355621/

The aussie continues performing as anticipated.Now approaching its ideal target.

Maintain the same outlook.

Copper is performing perfectly as anticipated.Now Time for a partial profit taking.