Crude Oil Update

22/02/2020: Whoever read my update of 23/11/2019.Now you can check the chart.
23/11/2019:we know the third rule of elliot wave "Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation."
people do not understand the last few  words of this rule (except in the rare case of a diagonal triangle formation) even in the beginning i was not aware of this i was thinking that a triangle will be formed in the time frame but I was wrong so i studied deeper and i found the answer. Following is the current monthly chart of crule oil that has this formation
This Elliot wave is being formed in a triangle so it is absolutely alright that wave 4 came in the area of wave 1. This chart also tells that  currently wave 4(correction) is in progress and wave 3 was a normal wave so wave 5 can be a extended wave.

 21/07/2019: Tomorrow crude will go up. This will start B wave and it can go till fibbonacci level 50%($57.83) or 61.8%($58.56). 
After this there will be a deep fall in Crude.

 27/05/2019: The long trade that I suggested on weekend is doing great. I booked Rs. 4000  profit with 11 mini lot. 8 Mini lot i was holding  from Friday 24/05/2019 and 3 more purchased today morning.


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