Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
Not really a serious trading idea...

Fridays rise (correction?) similar to the rise/correction after the drop from 664X to 636X back in late January, approaching the same trendline now, will a similar fall in price occur?

The structures are similar, the fall and correction, followed by a huge fall in February. Copying that fall in February (using Bars Pattern tool) to now equates to 1.618 of B wave, coincidence maybe.
Comment: This idea actually working out :/
We are in B wave and I feel the C has not yet completed of B wave...So let the C complete and than we get a bigger fall.
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if your count is in then may be huge fall in near term but unfortunately price actction suggest me either fall over or may be retest 59.50 area for final push to complete larger traingle of main 4 th wave. lets c who right
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