Crude Oil Elliott Wave Idea
Updated
An update to a series of ideas that have crude in bullish waves up towards $75.
1D >
Recent chart with subwaves prior to this current chart >
If crude completed wave 3 then may see a correction back for wave 4 before up for wave 5; invalidation point is 6815 (wave 4 crossing wave 1).
1.618 extension at 6946 has not been met yet so may rise further before the correction.
1D >
Recent chart with subwaves prior to this current chart >
If crude completed wave 3 then may see a correction back for wave 4 before up for wave 5; invalidation point is 6815 (wave 4 crossing wave 1).
1.618 extension at 6946 has not been met yet so may rise further before the correction.
Comment
An alternate count if 6815 breaks 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.