finitemonk

Crude Light - Alt Wave Count

FX:USOIL   CFDs on Crude Oil (WTI)
122 1 1
I don't think so, but I think it's possible.
I think currently the rise is down to geopolitics, at the prospect of Saudi Arabia becoming embroiled in war in Yemen.
It breached the all important 48.88 level, moving into the wave i territory of the previous wave.
I see the price forming an ending diagonal fifth wave in the current impulsive leg up...lacks the 5th wave of said diagonal triangle. It could be a wave A or 1 indeed.
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