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Joseph_King
Mar 10, 2018 11:00 AM

Crude Oil Elliot Wave Idea 

WTI CRUDE OILTVC

Description

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 > 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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