Joseph_King

Crude Oil Elliott Wave Idea

Joseph_King Updated   
NYMEX:CLV2018   Crude Oil Futures (Oct 2018)
An update to a series of ideas that have crude in bullish waves up towards $75.

1D >
Recent chart with subwaves prior to this current chart >
If crude completed wave 3 then may see a correction back for wave 4 before up for wave 5; invalidation point is 6815 (wave 4 crossing wave 1).

1.618 extension at 6946 has not been met yet so may rise further before the correction.
Comment:
An alternate count if 6815 breaks

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.