Crude Oil Elliott Wave

4 août 2018

Linked to this idea >

Probably nearly impossible to plot a complex correction but this my theory for a possible ABC correction for wave 2, before a big wave 3 to new highs in 2018.

5 août 2018

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Potential count for tomorrow >

6 août 2018

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Possibly in wave 3 of C now

6 août 2018

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A possibility if ABC is already completed >

6 août 2018

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Looks like and ending diagonal for wave C > 6904 possibly the top for now

6 août 2018

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Looks like wave W is completed at the 1.414 extension, may see wave X next to around the 0.618 retracement level before the next wave up > I think it's possible for one more leg up in the wedge though.

6 août 2018

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I think it's safe to say there is some alternate count :) Need to check

6 août 2018

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This is either the start of something very bullish, or expanded flat correction and close to completing B wave >

8 août 2018

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Didn't got exactly to plan but quite well. Close to target.

8 août 2018

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Target reached

8 août 2018

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6690 broken, this bullish count invalid now.