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Oil (4H) / Primary Elliott Wave Count. Beware of Alternates!

West Texas Oil (OANDA:WTICOUSD)  
TradingSurfers  
OANDA:WTICOUSD   West Texas Oil
Chart Patterns Technical Indicators Wave Analysis Oil oiltrading USO Crude Oil WTI WTI elliottwaveprojection elliotwaveanalysis
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chartpattern indicator waveanalysis oil oiltrading uso usoil wti elliottwaveprojection elliotwaveanalysis
Oil is tricky, as always. Plenty of possibilities here. We could be in a traditional impulse with an extended W3 (instead of an impulse with an extended 5th, typical of oil prices). Another possibility is that we would be starting the C leg of a flat 2 relatively soon. If the indices are at the beginning of their W3, the latest may be in play in oil.
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