Crude Oil Elliot Wave Idea

308
Update to this triangle idea >
Crude Oil Elliot Wave Idea


Looks like a running flat ABC correction, check out Bulkowski site > thepatternsite.com/EWRunning.html Image on the right of the page "Bull Market". Bulkowski does mention that in a running flat, wave B stops beyond the start of wave A, and wave C falls short of stopping near the end of wave A. Wave B didn't stop beyond A here but I'm not sure if thats a strict Elliot Wave rule or not.

If it's wave 5 up now then between $69 and $72 depending on where you apply the fibs (from A or C)

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.