zhipengcfel
Short

Flat correction until June 13th

FX:USOIL   Crude Oil (WTI)
Oil             is in a flat correction currently (335 pattern likely). Compare with the sharp wave 2 correction, this flat correction will most probably continue to June 13th or longer. Let's see how alternation rule play!

Montly chart Elliott Wave:
Elliott wave analysis on oil in month chart
Oil month chart elliot wave analysis (2016-01-21)

Good luck for everyone!

Comment: Updated elliott wave counts and correction wave time target until June 27th.
snapshot
Comment: The potential reverse zone is around 50.5~51.5 from harmonic pattern analysis. I will short at this zone.
snapshot
Comment: Price was rejected back from the upper border of wedge.
snapshot
Trade closed: target reached
What target do you see after completing correction to 44 ? 55 ?
+1 Reply
Might be higher.
+1 Reply
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