Your hindsight elliot-wave counts are brilliant. Why did you not predict the negative E-Wave count, when oil settled negative in April 2020? Please, show us a REAL chart that is not log. And even more importantly, WHERE IS OIL GOING FROM HERE? Any insights? Take a knee to your own ego.
Simply day trade crude oil futures. Don't need to take a knee or shoot at the knee, and don't need to count 1 and a 2, 12345 waves. Some people pronounce Elliott wave as Idiott wave ˈɪdɪət weɪv
Don't forget the sub-waves of ABC and abc, and the super and sub-script 1,2,3 that fit in between the ABC,abc,123, etc etc ad nausea
Do you people here take "Rudeness Pills"?? There's a few decent posters here, but not many. You know nothing about me. I was posting here years ago, but went away, maybe for good reason. Maybe I should go away again. And arithmetic charts are for day traders, which I am not.
Day traders also pay short term cap gains rate, same as regular income. Maybe you haven't figured that out yet.
You are posting a nothingburger, through a continuous contract which cannot be traded, on a log scale, which helps nobody. Where is CL going tomorrow in your estimation? Anyone and everyone can post a chart. Big deal. "Crude needs to take a knee"? The fack that means? Your TA is totally unbrilliant, because CL is not driven by TA. It is driven by FA! OMG!
Maybe you don't really trade crude oil futures, because futures trading is not taxed like that. It is a section 1256 contract, which is treated at 60/40 capital gain/loss, no matter the length of the trade. Care to revise your statement? Or knowledge on futures?
I don't trade futures because I assume its in the type 1 account (margin), not in the type 0 account (cash). I don't want any interaction with margin clerks. I think you are aware they can do whatever they want. The house rules. This business is complicated enough. I know a little bit about commodities, but I never got a Series 3.