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TheDemonTrader
May 31, 2018 12:14 PM

Daily Wave Count for Crude Oil Short

NYMEX:CL1!1D
Crude Oil FuturesNYMEX

Description

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The red arrow is the next target, I believe. The long term target, I have posted it at the "Monthly Wave Count for Crude Oil" analysis below.

These are just probabilities. It might go higher/lower than I've forecasted.

Comment

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There is alternate bullish count for Crude Oil instead of the bearish count that I'm biased with. It will prevail only if price breaks 72.83.

Comment

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Invalidation point HIT! I'll reassess my count soon.
FibonacciElliott WaveCrude Oilcrudeoilwti
Comments
JonathanMcBrine
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I'm looking for a suggested book on your methods?
TheDemonTrader
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@JonathanMcBrine, you can try this: amazon.com/Elliott-Wave-Principle-Market-Behavior/dp/0932750753
TheDemonTrader
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@Alif12399, or you can register a free account at elliott wave international (elliottwave.com) and read all the free educational materials given at their portal.

I would suggest for everybody to learn from Elliott Wave International as the only reliable resource to learn about Elliott Wave theory.
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