Gasoline Bull Market! What Elliott Wave Theory Projects for Gas Prices & How to Prep

Описание: Chapters
0:00 Intro
1:00 History of US Gas Prices
2:39 RBOB Gasoline Futures: Purple Primary Count
3:35 Summer 2022 Gas Price Peak
5:04 Fall & Winter Relief
7:35 Green Alternate Count
9:12 Long-Term Rising Prices
10:45 Preparing for Insane Gas Prices

Long-Term Logarithmic Chart for RBOB Gasoline Futures:
https://www.tradingview.com/x/oeCjm2QG/

Gasoline is in a mania with record highs all over the country! While the news lays blame on whatever draws the most clicks and views, Elliott Wave Theory gives us a better handle on what has been happening and how things will progress going onwards. In short, nothing goes up continuously and linearly forever, but EWT certainly sees a multidecade rally in gasoline (and oil) prices as a strong possibility but not without numerous pullbacks and consolidations along the way.

Gasoline Price History
We had quite a shock during the Arab Oil Embargo years in the 1970s and really have not seen gas prices reach those heights again when adjusting the prices for inflation. We had another high gas price scare shortly before the Great Financial Crisis but have had things pretty nice since. However, the March 2020 'Everything Crash' marked a multidecade low for oil and gasoline, which means we're entering an energy bull market.

Elliott Wave Cycles
Long-term Elliott Wave patterns indicate a MAJOR market top on the horizon for stocks, bonds and cryptocurrencies with one final rally to get us there while housing may already be topping. For oil and gasoline, that would be a major 1st wave top. While we may see a long bear market for other asset classes, expect oil and gasoline to have a short-lived 2nd wave dip before the real rally begins for a larger 3rd wave.

The Near Future
We're looking at a local top by the end of this summer (2022) followed by a consolidation that may coincide with the cooler winter months. If we follow the PURPLE primary count, expect multiple peaks and troughs along the way. However, if we follow the GREEN alt count, we may see quite a plunge in gasoline prices before a final blowoff rally that coincides with the major stock market top. That means that we have time to prepare for the future by making life adjustments to reduce our need for driving, choosing the right vehicles, and finding other ways to reduce energy consumption as EW patterns are indicating that prices for ALL energy sources may be on the rise for the longer-term.

#gasprices #gas #inflation