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Joseph_King

Crude Oil Elliot Wave Idea

CFDs on WTI Crude Oil (TVC:USOIL)  
Joseph_King  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Wave Analysis crude Crude Oil crudeoilwti brent brentoil Crude Oil Brent Crude Oil WTI
6
3
trendanalysis waveanalysis crude crudeoil crudeoilwti brent brentoil ukoil usoil
Could be completion of an ABC correction at 5738.

Alternate is only wave 3 of impulsive move was complete (in red), if price turns up from the .382 level there could be a 5th wave and a new high.

There appears to be bearish divergence on daily timeframe so a new low may occur which would fit with the ABC
snapshot
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