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Crudeoilwti

CRUDE OIL 1 MONTH VIEW, BIGGER PICTURE FOR BIG BEAR CYCLE?Other than the CM_Ult and CM_MacD, you can see candlestick pattern identification, to see when initial bull began, etc. Take a closer look and analyse. Here is the pre-indicated active link for chart to trail it ~ enjoy~ www.tradingview.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. I TAKE REQUESTS TO CHART ANY MARKET WITH PRE-APPLIED INDICATORS IN ANY TIMEFRAME, JUST ASK AFTER HAVING DONE THE FOLLOWING; ~~~ IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE ~~~ Thankyou ~~~
TVC:USOIL
by DANNNYG2
Crude Oil Elliott Wave IdeaLower timeframe of this idea > Looks like a big wedge (ending diagonal) is forming which could be for wave 5 of C (C shown in the link above in green) which could mean that the down trend in crude oil price is nearing an end. Ending diagonal often occurs when the preceding move of the trend has gone too far, too fast and has run out of steam (15$ drop in 4 weeks or so fits this). Wave 4 and wave 1 can overlap but here they haven't but I believe that is a guideline, not a rule for ending diagonals.
TVC:USOIL
by Joseph_King
Crude Oil Elliott Wave IdeaA slightly wild variation to this long term bullish theory on Crude Oil This idea is a bit wild but there are similarities between 2007/08 and 2017/18, explained below in screenshots. 2007/08: There was 3 months of sideways price action from November 2007 until January 2008, followed by a large rise in price that then corrected to the 0.5 Fibonnaci level. As price fell back there was bullish hidden divergence (MACD histogram made lower low but price made higher low, indicating trend continuation) 2017/18: Same sideways price action, same large rise following sideways price action, same 0.5 Fibonnaci retracement, same bullish hidden divergence
TVC:USOIL
by Joseph_King
Crude Oil Elliott Wave IdeaAn update to long term theory > It looks like wave 3 of 3 of 5 is completed so may pull back soon to .236 ($73,92) or .382 ($72,80) before the next leg up. Interestingly in a variation of the same long term theory we hit the .382 extension at $75,75 > This is using the fib extension from the start of wave 3 at $45,67 to the top of wave 3 at $75,27 and end of wave 4 at $64,48. I do think that even though this level has been met that there are more waves up to come. In the current chart I have changed the parameters for the fib extension tool by starting from the beginning of wave 1 at $42,08 to the top of wave 3 and end of wave 4, based on that I believe price can hit the 0.5 extension at $81,03. This theory can be ignored > I miscounted here which is a variation of the original subwave count here >
TVC:USOIL
by Joseph_King