{lang: 'en-US'} Crude Oil Elliott Wave H1 Update ~ ElliottFxTrader Blog

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Friday, 13 July 2012

Crude Oil Elliott Wave H1 Update

The price action doesn't develop in a impulsive wave fashion as I expected so there must be something different going on. I have re-labeled the count due this fact.

Now it looks like we might go futher up as wave 4 is still developing and latest top might be a part of a larger correction to the upside in form of double Zig-Zag.

We might expect some kinds of impulsive moves to the upside.

Seb


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