francescoforex

USOIL - Elliott wave – update – minor wave 5 ended

Short
FX:USOIL   CFDs on Crude Oil (WTI)

minor wave 5 ended
minute motive wave ((a)) of ((a))((b))((c)) corrective movement should follow to minor wave 4 – zigzag/flat

ALT: minute wave ((4)) of ending diagonal minor wave C is unfolding
Comment:
minute motive wave ((a)) unfolding in wave (iv)
Comment:
it looks like wave (iv) of ((a)) is unfolding in a zigzag if 70.65 quote is not violeted
otherwise a leading triangle is still possible

ALT: the movement from 76.80 is a correction zigzag in wave ((4)), wave 5 ishould follow in a motive mode.
Comment:
primary wave ((5)) ended
complex correction unfolding (W)(X)(Y): zigzag or flat
wave (W) ended wave (X) unfolding
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.