Joseph_King

Crude Oil Elliott Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
Update to this idea >
Since 7130 broke the regular impulsive waves are now invalid (wave 4 crossing wave 1) but I think theres a chance that an ending diagonal could play out.

There is also potentially bullish hidden divergence on the MACD histogram; price can drop all the way down to the last swing low around 67 and this hidden divergence can still be valid.

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.