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Crudeoilwti

Crude Oil Elliott Wave IdeaUpdate to this idea Slight variation as I noticed that when price bounced from 5400 levels it was the 0.5 retracement of the yellow wave 1 I have shown. If it is a wave 2 retracement at 5400 level then we may have had wave 3 early in the week post Saudi attack and already completed wave 4 at 5765. There appears to be an ABCD pattern pointing towards 67 and the .618 extension of wave 3 is at 6560. If price breaks below 5743 it invalidates this count (wave 4 crossing wave 1) and may indicate that the high 6330 was the end of wave C, not wave 3, a drop back towards 50 may happen in that case.
TVC:USOIL
by Joseph_King
USOIL Long/BuyDear traders, Us WTI Crude has been on bullish since beginning of Oct this year 2019, it sounds that it has not yet finished on its way up, therefore we may see it going up to the next resistance, it's also worth mentioning that it has broken a strong resistance line which is 78.6 Fib Level and retested it; its good indication that market is going up hopefully. Here is the setup: Crude Oil Buy at 61.00 Stop Loss at 59.88 Take Profit at 63.30 Good Luck and Happy New Year!!
TVC:USOILLong
by sirkamal