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Joseph_King
Mar 18, 2018 5:04 PM

Crude Oil Elliot Wave 

WTI CRUDE OILTVC

Description

Triangle as part of this idea >


May possibly be one more leg within the triangle for E wave to $61 region.

A, B and C waves of the triangle were all 3 wave A-B-C zig-zag patterns, however, D leg still an ABC looks more like a flat correction (as per the image on the top of this page > stocata.org/ta_en/elliott5.html). If so, may have E leg to come before breakout upwards, towards $70.

Holding no position at the moment, going to let Monday play out but will buy a dip to $61 if one presents itself.
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