Crude Oil Elliot Wave Idea

WTI CRUDE OILTVC

Description

⋅ Feb 28, 2019 6:06 AM

Could be completion of an ABC correction at 5738.

Alternate is only wave 3 of impulsive move was complete (in red), if price turns up from the .382 level there could be a 5th wave and a new high.

There appears to be bearish divergence on daily timeframe so a new low may occur which would fit with the ABC

Comments

TheDemonTrader

⋅ Feb 28, 2019 6:33 AM

Hi Joseph,
I have this count:

Joseph_King

⋅ Feb 28, 2019 6:34 AM

@Alif12399, Hi :) ty for sharing, will add it to my charts

TheDemonTrader

⋅ Feb 28, 2019 7:59 AM

@Alif12399,