Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
Slightly zoomed out view of this chart >
5 waves down leading to 5995 had near perfect fibs; 1.618 of wave 1 for wave 3, approx. 0.618 of wave 1 for wave 2 and approx. 1.618 of wave 4 for wave 5.

Strong bearish trendline approaching which could be the turning point for Fridays rise.

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