I continue to work on the USOIL counts. Previous update
was incorrect as wave [i] of the ending expanding diagonal was longer than [iii]. I reassembled the count in a way where I keep waves in the teal area labeled wxy. The count now indeed allows further run up but the bigger picture is largerly unchanged.
The weak point here is that wave 2 is quite complex and extended compared to 1 and each next subwave of wave 2 is longer in time than previous one. However, there is a certain Fibo rhythm in this and I like it more than all previous counts.
was incorrect as wave [i] of the ending expanding diagonal was longer than [iii]. I reassembled the count in a way where I keep waves in the teal area labeled wxy. The count now indeed allows further run up but the bigger picture is largerly unchanged.
The weak point here is that wave 2 is quite complex and extended compared to 1 and each next subwave of wave 2 is longer in time than previous one. However, there is a certain Fibo rhythm in this and I like it more than all previous counts.
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โฑ๏ธ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
๐๏ธ Extensive analysis archives
๐ Chartopedia, with examples of applying ElliottWave to real world charts