Joseph_King

Crude Oil Elliott Wave Idea

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TVC:USOIL   CFDs di Minyak Mentah WTI
Update to below idea:


Thinking that a starting wedge maybe forming within a channel up, 5 waves consisting of ABC for each wave which means wave 4 could overlap wave 1; Wave 3 of C (orange) hit 1.272 extension exactly and in the same area as 1.618 of wave 1 (white), could see a pull back towards $52 if this theory is correct.


Komen:
Slightly different version of the count above with wave 5 completed and price turning (so far) at 1.618 extension for possible completion of C wave...if price gets above $5254 this could be valid
Komen:

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