WTI Crude Oil - Elliott Wave Completion (Short)

Hello Traders! Welcome to my post, today we are looking at USOil and we have identified the following confluences to support this high-probability setup:

-Major 50.0% Fibonacci retracement
-Minor 61.8% Fibonacci retracement
-Minor 161.8% Fibonacci extension
-Elliott Wave completion at the end of the channel

Stop Loss: 60.70
Targets: 54.00, 53.00, 52.40

Risk to Reward Ratio: 2.9


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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
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