Get started
Nick_Voise

Crude Oil Looks To Have One More Leg Up Before Reversal

CFDs on Crude Oil (WTI) (FX:USOIL)  
Nick_Voise Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Wave Analysis Elliott Wave
11
1
waveanalysis elliottwaves
Price action after previous high looks to be corrective. I’m waiting on a 3 wave correction down to the 50-618 box before planning any longs. Lower channel boundary line acts as support also. Should see signs of a major reversal around yellow resistance line/764-854 box.
Comment:
snapshot
Looks like z may be complete or less likely, continuing with one leg left to the upside. Expected c or y move to the downside.
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.