Crude Oil Elliott Wave Idea

Update on this idea >
Crude Oil Elliott Wave Idea


Oil hit 1:1 extension (measured move) and strong resistance, possibly completing a correction to the fall from $76,88 to $42,40. Could now start the post correction impulse waves.

Weekly candle looks like a bearish pin bar and possible bearish divergence on MACD:
snapshot
brentbrentoilcrudeCrude OilcrudeoilwtiTrend AnalysisCrude Oil BrentCrude Oil WTIWave Analysis

Also on:

Disclaimer