MCX Crude: My Elliott Wave Forecast

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This forecast was made on 23rd September. I have been saying that I am not bullish for Crude now after it made a high of 4500 levels. You can read the below excerpt but before that if you want to learn Elliott Wave and Neo Wave which is a two day paid webinar, you can. It will be over 15 hours session in two days and the fees will be 15000/-

From above hourly chart,prices are now moving in a lower high and lower low after marking a high of 4500 odd levels. The lower highs and lower lows will not favor prices to rise from current juncture.

As per wave theory, prices have completed wave b at one higher degree where the internal counts were (w-x-y )eventually .... pattern as it retraced more than 80%of the previous fall of wave a(4692-3522). So if wave b is over wave c has already started which is an impulse in nature and can move down till .....

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