Timeframe: 1D, 1H
A month ago, I was waiting for the completion of the upward impulse with the final diagonal, and at the end of this week it happened: vk.com/wall-124328009_21263. Of course, on Thursday and Friday I would go short in oil, hedging it with options.
Globally and mid-term, both estimates for oil are bottom-up. That is, we are trying to take a counter-trend. Consider this. Either wave “2” or wave …