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Joseph_King
Aug 17, 2018 1:11 PM

Crude Oil Elliott Wave Idea 

WTI CRUDE OILTVC

Description

Crude looks like its at the end of wave 3 or C and may correct soon to .236 or .382 before going up for wave 5.

If it falls below 6521 then I'm expecting a bearish leg down below 6440 as with this count wave 4 will cross wave 1 invalidating bullish move.

If price goes higher than 6628 in this current wave this will be invalid as wave 3 (white) will be the shortest.
Comments
elii
i really like your wave counts but i can see that crude oil will go up -extended wave
Joseph_King
@elii, Yep, I think there is another count with extension here, about to be invalid with wave 3 shortest
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