ElliottWaveBelgium

OIL - Bearish scenario in play (for now) !

Short
FX:USOIL   CFDs on Crude Oil (WTI)
For the moment I think we're finishing this bearish triangle correction that could take us down to $42.
BUT, if we see the price drop slowly with overlapping price action and it remains above $51, we will have to consider the alternate count that will lead us higher.

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
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.