Updated
Crude Oil Elliott Wave Idea
Update on below idea:
Thinking oil is correcting now but still in an impulsive move downward overall.
If price gets above $39,46 then it would invalidate this theory.
Thinking oil is correcting now but still in an impulsive move downward overall.
If price gets above $39,46 then it would invalidate this theory.
Note
Couple of ideas on alternative counts; this one where wave 3 (white) is completed already: Note
Or ABC is completed as part of WXY or WXYXZ: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.