PK_SEND_IT

Elliot wave corrective pattern

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Potential buy zones/fib. levels are marked with blue.

Fib level of 0.61-0.64 (golden pocket and potential last target of c and the end of correction. Anticipate ladder buys)
Fib level of 0.5 potential bottom (small bounce for the moment)
Fib level of 0.31 hit and bounced (end of first corrective A wave)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.