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Joseph_King

Crude Oil Elliott Wave Idea

CFDs on WTI Crude Oil (TVC:USOIL)  
Joseph_King Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Wave Analysis crude Crude Oil crudeoilwti brent brentoil Crude Oil Brent Crude Oil WTI
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waveanalysis crude crudeoil crudeoilwti brent brentoil ukoil usoil
Update to previous idea >
Crude Oil Elliott Wave Idea

I theorized that wave C of 4 would extend to $64-$65 levels but it did not make it that far and appears to have bounced from the channel bottom after completing a clear 5 wave structure down for the end of C wave and now a very bullish 5 wave structure up has started for what could be a wave 1 >
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Comment:
Alternate theory on the 5 waves, if done already
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Comment:
Appears to be in C wave now
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Comment:
Bounced at an important level, .382 of wave 3 >
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Above 6915 may lead to new highs for wave 5
Comment:
Another possible scenario
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Comment:
Possibly WXYXZ, very choppy invst.ly/86c34
Comment:
Got a nice bounce at the 1.618 extension and a few pips from the .618 correction area, see if continues up from here
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