CFDs on WTI Crude OilUpdated Crude Oil Elliott Wave Idea
Looks like a triangle is forming which could indicate wave 4 with a 5th wave to come to mid $40's.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
Note
As expected price didn't reach the top of the triangle and reversed from .618 of D wave to end E wave. Looks like it could be going lower from here 
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