Crude Oil Elliott Wave H1 & H4 Update

The triangle pattern on M30 did not work out so it is time to consider that we got the wave 5 impulse of varius degrees already on chart and now it is time to consider more bullishness comming.

 If 61%FibExp will not hold or at least blue line will not mark the wave Y top, any movement above the mentioned level looks more bullish.

So the question really is: which break out  goes first?Downside from triangle on H4 on upside impulsive on H1?

Seb

H4 here:

About the author

Sebastian Seliga

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

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.