CFDs on WTI Crude Oil
Updated

Crude Oil Elliott Wave Idea

389
Oil might be in a triangle for wave 4 (white), break out downwards might occur if it is wave 4, possibly hitting one of the extensions around 58/59/60, depending where wave E of 4 ends.
Note
Looks like a bigger triangle formed:
snapshot

Will be invalidated if a new high comes above (c) wave.

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.