francescoforex

USOIL - Elliott wave – minuette wave (i) is over

Short
FX:USOIL   CFDs on Crude Oil (WTI)

minuette wave (i) is over (nine waves sequences third wave extension)
corrective wave (ii) should follow in three waves
FIB: 63.38 – 64.78

ALT: minuette wave (i) is not over – iv of wave (i) unfolding in an expanding flat wxy
FIB: 67,78

critical price area

previus daily close 69.38
PP 69.60 DW
FIB: 63.38 – 64.78 - 67,78
static S/R : 68.17 - 67.42
Comment:
close over 69.65 would invalidate wave (i) is over
and validate the idea we are in a wave iv to v
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