Get started
Joseph_King

Crude Oil Elliott Wave Idea

CFDs on WTI Crude Oil (TVC:USOIL)  
Joseph_King Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Wave Analysis crude Crude Oil crudeoilwti brent brentoil Crude Oil Brent Crude Oil WTI ELLITTWAVES
10
2
trendanalysis waveanalysis crude crudeoil crudeoilwti brent brentoil ukoil usoil ellittwaves
Update to this idea >
Crude Oil Elliott Wave Idea

May be in wave 4 (of A) now but if price breaks below 5480 then the count is invalid.
Comment:
Decision time soon it looks like, bottom of the channel and small wedge formed
snapshot
Comment:
Looks as though the 5th wave of A was completed near the 0.5 extension at 6071.

If this larger ABC count is correct then we're now in B wave, C wave should follow towards 70$.

I have one other scenario; hopefully have time tomorrow to share the ideas.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.