Crude Oil Elliot Wave Idea
Theory for crude; possibly in the right shoulder of an inverse head and shoulder and sub waves of a larger wave 3.
Potentially a double bottom and bounce off strong bullish trendline.
The trendline that forms the neckline has been very resistant, if it keeps price in check it could potentially fall and correct to around 0.618 at 5950 ish before resuming upward.
Potentially a double bottom and bounce off strong bullish trendline.
The trendline that forms the neckline has been very resistant, if it keeps price in check it could potentially fall and correct to around 0.618 at 5950 ish before resuming upward.
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