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Joseph_King
3 Tem 2019 08:04

Crude Oil Elliott Wave Idea 

TVC:USOIL240
WTI CRUDE OILTVC

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Update to this idea >


May be in wave 4 (of A) now but if price breaks below 5480 then the count is invalid.

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Decision time soon it looks like, bottom of the channel and small wedge formed

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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.
Trend AnalysisWave AnalysiscrudeCrude OilcrudeoilwtibrentbrentoilCrude Oil BrentCrude Oil WTIELLITTWAVES
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DACapitalTrading
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Amazing work, leave us a follow aswell mate :)
Joseph_King
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@DACapitalTrading, cheers, followed :) thought I was following already :D
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