Crude Oil Elliott Wave Idea
Atualizado
Looks like we might be in wave 4 pull back to around the 0.382 level of wave 3 in the form of WXY > 
Yellow line in the chart is the 3.618 extension of the larger degree wave 1. Possibly pullback one more time for a larger degree wave 4, then down for larger degree wave 5.
Yellow line in the chart is the 3.618 extension of the larger degree wave 1. Possibly pullback one more time for a larger degree wave 4, then down for larger degree wave 5.
Comentário
Maybe ABC and 3 of C hitting 4.618 extension > Comentário
WXY, or even WXYXZ possible too > Comentário
May be in something complex > According to rules below WXYXZ could be possible.
Wave W must be a zigzag pattern.
Wave X can be any correction pattern, except an inverted broadening triangle.
Wave X is smaller than wave W.
Wave Y must be a zigzag pattern.
Wave Y is, at minimum, equal or bigger than wave X.
Wave X² can be any correction pattern, except an inverted broadening triangle.
Wave X² is smaller than wave Y.
Wave Z must be a zigzag pattern.
Wave Z is, at minimum, equal or bigger than wave X².
Comentário
So far looks like WXYXZ completed with Z equal to X > Comentário
If wave 5 has started > Comentário
Possibly a bigger WXY in play, bounced perfectly at .786, 1.272 extension around 6740 > Comentário
Could be in C, in ending diagonal Comentário
An idea > Comentário
Looks like a starting wedge for wave 1 of 5 so may pop out of the wedge and correct before moving down further Comentário
The never ending correction? Now looks like WXYXZ > Comentário
Its possible I think that this 5th wave is completed; Some nice Fibonacci levels, extensions of wave 1 and 3 > 
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