waleedkhan

Crude Oil butterfly or Correction

FX:USOIL   CFDs on Crude Oil (WTI)
Building from the last chart;

two possibiities remain open...

A bearish contracting triangle
that will extend the C wave and
take crude below $100 and
probably even more...

or then an alternate count would be bullish
possibility of a butterfly forming at 104.54-105.39;
which will also mean the completion on the 5 wave

Related Ideas

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.