Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   WTI 原油差價合約
Update to this triangle idea >
Looks like a running flat ABC correction, check out Bulkowski site > thepatternsite.com/EWRunning.html Image on the right of the page "Bull Market". Bulkowski does mention that in a running flat, wave B stops beyond the start of wave A, and wave C falls short of stopping near the end of wave A. Wave B didn't stop beyond A here but I'm not sure if thats a strict Elliot Wave rule or not.

If it's wave 5 up now then between $69 and $72 depending on where you apply the fibs (from A or C)

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