Possible Expanding Diagonal in Crude Oil (Elliott Wave Analysis)

Updated
It seems that Crude is in the last stages of what I see as an Expanding Ending Diagonal. I will wait for confirmation however as this market has already fallen below the 61.8% mark of the previous up swing.

I will update further as this market progresses.
Note
45.47 is key support level.
crudelongCrude OilcrudewtiElliott WaveEnding Diagonal

Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/

Video Course : 50eyes.com/elliott-wave-course

Author : Think with the Markets
Also on:

Related publications

Disclaimer