Joseph_King

Crude Oil Elliott Wave Idea

Joseph_King Aggiornato   
TVC:USOIL   CFD Petrolio WTI
A small timeframe idea linked to these two ideas:


Possibly in the early stages of an impulsive wave 3, but possibly a dip in price before it gets going.

If price drops below $54,98 then this count is invalid and a move down below last weeks low at $54,70 may happen.

4H chart is showing bullish divergence:
Commento:
The first set of impulse waves up from yesterdays low might be completed now.

Wave 3 (orange) hit the 1.618 extension exactly, then what looks like an overlapping ending diagonal set for wave 5 (orange) hitting the .786 extension of wave3...a correction to 0.5 or 0.618 may come before another new high.

Commento:
Looks like a starting wedge/leading diagonal may be in play; a few other EW guys on Tradingview have spotted something similar.


Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.