Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
A zoomed in view of what I believe to be wave 2 correction as per this chart >

Please read the notes here as I couldn't post a 5 minute chart on Trading View so I put notes on my chart from Investing.com > https://invst.ly/6w2vo

Based on internal waves 6230 area could be the completion of C wave.

Friday was undoubtedly bullish but in my opinion it could be a rapid wave 2 correction before the next leg down; invalidation point is 6327 (wave 2 crossing wave 1)
Comment: Didn't trade this but target hit. See how it reacts from here.
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