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Crude Oil Elliott Wave Idea
CFDs on WTI Crude Oil
Crude Oil Elliott Wave Idea
By Joseph_King
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Updated
Aug 2, 2018
2
Aug 1, 2018
Update to previous idea >
It appears the correction is over as a WXY to $70,40 and we could now be wave C to $64-$65 levels.
Wave 1 and 2 of C may already be completed >
Now in subwaves of wave 3
Long term I'm still a believer that Crude can go towards $80 as per this idea >
SO $64 may be a good level to buy for higher prices
Aug 1, 2018
Note
A potential scenario >
If wave 2 is done, but maybe this will creep up to the 0.618 level around 6880 before the next leg down
Aug 2, 2018
Note
Possibly in a triangle which could indicate we're in wave 4 >
invst.ly/85pbi
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