Crude Oil Elliott Wave Idea

2018年8月10日Please ignore this idea >

I forgot to plot any potential outcome (its late here) :)

An update to a previous idea >

It appears the the 5th wave is now completed after coming close to the .382 level of wave 3 before pushing down to just below the .382 extension. It also ties in with this idea that Y wave is completed >

There are 5 waves down with nice Fibonacci relationships > 1.618 of wave 1 for wave 3 termination, 1:1 of wave 3 for wave 5 termination

Zoomed in those waves you can see the ending diagonal for wave 5 of 5 >

I'll let the current waves develop and attempt to plot some waves once things settle down but on 5min timeframe there is already some nice Fibonacci relationships >

I think one possibility is a WXYXZ back to the level of wave 4 in the impulsive move up and the 0.382 retracement level >

2018年8月12日

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I've updated this count slightly as the WXYXZ doesn't fit > >

2018年8月13日

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Looks like correction might be done > There is a bearish count to keep in mind, maybe this move down from the top is wave 1 and in wave 2 now

2018年8月13日

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Alternate count if low of day breaks