Crude Oil Futures (Oct 2018)
Updated

Crude Oil Elliott Wave Idea

316
Update to this idea with a slightly different count on October contract >
Crude Oil Elliott Wave Idea


Possibly in wave 5 now but the yellow wave iii could also be C wave and that could mean we're already in impulsive move down, key price is at the red line as crossing this will invalidate it (wave 4 crossing wave 1).

Some nice fib levels in subwaves of wave iii (yellow) > snapshot

Some nice fib levels in subwaves of 3 (white) > snapshot

Zoomed in on the ABC from Fridays high of day to low of day it looks like a nice 5-3-5 structure > snapshot

It will be interesting to see how this count develops on Monday morning, if it does complete 5 waves then that could be a larger degree wave 1, or wave A.



Note
May be a running flat ABC for wave 4 snapshot
Note
September contract made a new high, 5 waves up almost completed snapshot

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