Crude MCX analysis with EW
Om Namah Shivay
With Limited data, we are trying to have a View on Crude MCX.
Wave 1 data is not complete in lower time frames. Interesting is if we consider this as an impulse down, then V goes to minus 1800 level which may not be possible. So the structure looks a flat structure.
So the impulse down is invalid. And a flat structure is complete. A new structure is coming into place which is not clear now to predict. From MACD, it is clear that the structure is still in correction range.
Om Namah Shivay
With Limited data, we are trying to have a View on Crude MCX.
Wave 1 data is not complete in lower time frames. Interesting is if we consider this as an impulse down, then V goes to minus 1800 level which may not be possible. So the structure looks a flat structure.
So the impulse down is invalid. And a flat structure is complete. A new structure is coming into place which is not clear now to predict. From MACD, it is clear that the structure is still in correction range.
Om Namah Shivay
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