Joseph_King

Crude Oil - Internals of Wave 3 Down

Short
TVC:USOIL   CFDs on WTI Crude Oil
If Crude Oil does drop after reach 4890 I have plotted the internals of wave 3 down:

Pink Waves:

A. Wave 1 0.382 of C
B. Wave 2 0.5 of wave 1
C. Wave 3 2.618 of wave 1
D. Wave 4 0.382 of wave 3
E. Wave 5 1.618 of wave 4

Green Waves:

A. Wave 2 0.5 of wave 1
B. Wave 3 2.618 of wave 1
C. Wave 4 0.382 of wave 3
D. Wave 5 1.618 of wave 4

The larger wave 3 (red waves) was projected from the larger wave 1 in my previous chart to end around 4404 and these internal waves point to 4398

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