In this report I have updated the Elliott Wave Count for Crude Oil by changing the position of the circled 5th Wave. As soon as the lower black trendline is broken we will have validation for the placement of the circled 5th and a confirmed signal that the Wave 2 […]
In the previous report we were able to spot the exact high, or the turning point for Wave 4. As of now it seems that the market is in the starting phase of the 3rd Wave. As long as this market stays above the black trendline, I do not see […]
As long as the red trendline is not broken on the upside I don’t think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave […]
