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Crudeoilwti

Crudeoilwti

Crude Oil Elliot Wave Idea An update to previous ideas which became invalid with wave 4 crossing wave 1 (6500 was invalidation point). Possibly an ABC now with C reaching 1.618 of A wave. A note to the naysayers...If I am wrong I won't stop posting ideas and theories (as someone claimed on a comment on a previous idea). Imagine if everyone on Trading View simply stopped sharing ideas if they were wrong...

Crude Oil Elliot Wave Idea Alternate count as the previous one is now invalid (wave 4 crossed wave 1)

Crude Oil Elliot Wave Idea Another possibility to previous idea. Maybe not quite done with wave yet, 6343 or 6320 before up for wave 4.

Crude Oil Elliot Wave Idea I think the top is in and this is possibly either wave A of ABC or wave 1 of a larger A. Possibly climb to .236 or .382 today before the next leg down.

Crude Oil Elliot Wave Idea Some minor adjustments to previous chart - Added pitchfork (credit to friend Matt) and some trendlines. MACD and TSI crossed down. Possibly see .382 retracement to 57XX, would be some achievement by bears if it happens.

Short

Crude Oil Elliot Wave Idea Update to recent ideas. I think we might have completed the larger wave 3 and now correction for wave 4 to .236 or .382, then up for 5th and final wave. Currently short from 6444.

Short

CrudeOil Reversal Just Around the Corner CrudeOil Reversal Just Around the Corner ... likely to begin today or tomm max.

Short

CrudeOil Reversal Just Around the Corner CrudeOil Reversal Just Around the Corner ... likely to begin today / tomorrow max.

Short

Crude Oil Elliot Wave Idea Update to this analysis > Looks like it could be 2.618 extension of wave 4 to $6420.

Crude Oil Elliot Wave Idea Little update to previous idea. Looks like we're in wave C of an ABC thats part of D of the ABCDE triangle. May hit 583X today which is 1.618 of B wave and the top of the triangle. Then possibly E to .236 of wave 3 (4910-5903) to 566X. I'm thinking that the triangle will break out to the upside to 60+, 1.618 of wave 4

Crude Oil 2018 Forecast in comparison to Previous US Recessions Crude Oil is testing the resistance line and looking to make a shot upwards on the weekly. We are also seeing some potential bullish RSI signals indicating a push to the upside with a peak hitting around 130-145 USD and 72-73 on the RSI We may also enter a recession as a result of a giant parabolic spike in Oil prices as insider traders enter short positions above $128-130.

Long

Crude Oil Elliot Wave Idea Possibly in wave 4 (ABCDE triangle) that may end at .236 of wave 3 at 5667 and meet the major trendline before breakout for wave 5 to 1.618 or 2.618 of wave 4

US Oil - Re-test Of Support To Provide Long Opportunity A late break last week above the 56.83 area hints at further advances next week. A pullback and re-test of this area will provide a great place to start to look for Bullish patterns for longs towards 58.79.

Long

Crude Oil Elliot Wave Idea Expected .5 or .618 retrace for wave 2 in this idea > However, looks like just .382 was enough for some traders. Possibly in wave 3 now within a channel after exiting inverse head and shoulder neckline. Potential to reach 5940-6020 overall if this is 5 waves up. Currently holding longs from 5705.

Long

Crude Oil Elliot Wave Idea Previously theorised an ABC to low 55's but the correction could be over. Looks like on a smaller timeframe that crude is in wave B (ABCDE triangle) before heading down for wave C for 1 0.5 or 0.618 correction overall...possible a wave 3 starts after that heading towards 59 area.

Short on the retest and a flip long after.Classic head and shoulders pattern, and I do not think the pattern will work. If price bounces at the first target then the pattern is invalidated and if it reaches the second point on the bottom watch for a trap for shorts to get in for your long.

Short

US CRUDE OIL - H4 SELL SETUP US crude oil - H4 chart - I prefer shorts due to bearish structure on H4 time frame. Main trend is still bullish so this is a reversal setup on daily time frame but with-trend pull back setup on H4 so quick swing with great risk to reward.

Short

Crude Oil Elliot Wave Idea In ABC now it appears toward 55

Crude Oil Elliot Wave Idea (Smaller TF)Looking at smaller timeframe.

US Oil - Holding Of Support Hints Further Advances After failing to hold above 58.79 price came back to test and hold support at 56.83. Longs seen as the higher probability move with a break of 59.79 clearing the way for 61.74.

Long

Crude Oil Elliot Wave Idea An update to this idea > Possibly complete wave 5 of 5 of 3 around 5960 before .382 correction to 5565 before up to 62.

Crude Oil Elliot Wave Idea Possibly already completed wave 1 from yesterdays bottom and now in the correction of that wave 1. Could be in wave 4 of C now to .382 of wave 3 of C to 5773, before wave 5 of C to 1.618 of wave 4 of C to 5754. Wave 3 up next (not plotted those waves yet). Long at 5745 and 5788.

Long

Crude Oil Elliot Wave Idea May have completed wave 4, possibly wave 5 next to 5995. Looks bearish but the 4H candle has served bulls well recently. Long from 5773, 5798 and 5830.

Long

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Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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