Crude Oil Futures H4, Daily & Weekly Update

Wave 4 did not overlapsed wave 1 on Daily and Weekly chart desplite the very deep retrace in WXY fashion.
Right now I’m looking to wave 2 of last wave 5 dawn to finish and to develop wave 3 of wave 5  in impulsive fasion.

Alt count suggest that we might have wave 2 top already and the remaining price action does act like impulsive wave 3 in developing.

The price is currently in Fibonacci Time Cluster zone with high score. The cluster ends on Monday.

Seb

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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