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Joseph_King

Crude Oil Elliot Wave Idea

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Joseph_King  
TVC:USOIL   CFDs on WTI Crude Oil
Wave Analysis Head and Shoulders crude Crude Oil crudeoilwti brent brentoil
4
1
waveanalysis headandshoulders crude crudeoil crudeoilwti brent brentoil
Expected .5 or .618 retrace for wave 2 in this idea >
Crude Oil Elliot Wave Idea
However, looks like just .382 was enough for some traders.

Possibly in wave 3 now within a channel after exiting inverse head and shoulder neckline. Potential to reach 5940-6020 overall if this is 5 waves up.

Currently holding longs from 5705.
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