INTRADAY ELLIOTT WAVE ANALYSIS CRUDE OIL HOURLY CHART double three pattern for wave 4. Expecting wave 4 to terminate near trendline support. Invalidation must hold for this idea.
CRUDE OIL HOURLY CHART IDEA: Higher to complete wave 5. Invalidation for this idea is set at 79.37 where wave 4 ends. Expecting price movement toward 38.2% and 61.8% area using Elliott Wave wave 5 projection guideline and channeling technique.
My take on crude oil monthly wave structure. Working on the idea of classic motive pattern to the upside to complete wave I of (V). What do you think?
just a little bit more.. focus now shift to the downside. looking for opportunity to go short with wave 3.