Crude Oil Elliot Wave Idea
I had posted this idea on 1H but got it wrong:
Seems there was and ending diagonal wave 5 for the end of wave 3 which was then followed by a bounce at 0.382 for wave 4. Looks like we are in wave 5 now, possibly one more leg up early next week to hit 1.618 of wave 4 around 6381, but there is a possibility the wave will continue on to 2.618 at 6570.
This may all be part of wave 1 so correction should happen if it is before up for wave 3.
Seems there was and ending diagonal wave 5 for the end of wave 3 which was then followed by a bounce at 0.382 for wave 4. Looks like we are in wave 5 now, possibly one more leg up early next week to hit 1.618 of wave 4 around 6381, but there is a possibility the wave will continue on to 2.618 at 6570.
This may all be part of wave 1 so correction should happen if it is before up for wave 3.
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