Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs on WTI Crude Oil
This morning crude fell outside of the giant wedge for the first time.

In my opinion two possibilities from here.

1. A correction to 0.618 before wave 3 up towards 68.
2. A deep correction to 54 area.

Weekly MACD looks to be crossing down...

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