OIL - uptrend confirmed

FX:USOIL   CFDs on Crude Oil (WTI)
I am still bullish on OIL and I will be till it gain the area 80-83 bucks.
3 elliot wave + Fib retracement
but.....I don't think the time frame used is good for trading, but long term blue chip energy stocks. using this and etf's would highly eat your lunch.
If anything I see an inverse H&S for a bullish LT continuation
so you have wave (4) going into the price territory of wave (1)? invalid...
@4thewin, you perfectly right and I accept your point.
It s true ..... probably the count is not the right one.
I mean the 5 wave of bull market till top 2008.
Lets change it, starting from November 1998 when it signed minimum at 17.09$ we need to consider new development.
I will post new chart updated.

Thanks for your feedback.
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