WTI Crude OIL & EURCAD Intraday: Elliott Wave Analysis

OIL Elliott Wave Intraday

Crude oil is slightly higher, but at the upper side of a contracting range, so don’t be surprised by another turn down in sessions ahead. We are still looking fro a triangle placed in subwave b) of blue wave (b) so price can fall down to around 41-42 area still.
WTI CRUDE OIL (NOV 2015) 1h Elliott Wave Analysis
OIL Elliott Wave Intraday
EURCAD is having a very nice bearish structure. We see five waves down followed by a three wave rally that can be completed near 1.5080. Break beneath the lower support channel line near 1.4750 will open door for 1.4500.
EURCAD 4h Elliott Wave Analysis

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.