Crude Oil H1 Update

This wave 4 correction seem to be more time consuming complex price action.

Right now we might have two possible outcomes:

1. Wave 4 is just finished as ZigZag, which is alternation of wave 2 that was Flat ABC. Wave 5 was expanding ending diagonal that topped @ 86.20. Right now we might be forming wave 1 as leading diagonal. Break bove wave 4 hight would void the view.
2.  Wave 4 have not finished yet and we are forming another abc leg for wave XX to form double ZigZag eventually. Break of 83.27 would void the view.

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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