Update to this 5 wave count >
And internal waves of A in this larger degree count > www.tradingview.com/...l-Elliott-Wave-Idea/
Even though oil hit the .382 level at $55,57 it retraced and climbed a little higher, I think there is still a little more to come, the .382 extension from wave 1 is at $55,91, from there A may be completed before a larger correction back to where the move the $50 mark started, then up towards $60+
And internal waves of A in this larger degree count > www.tradingview.com/...l-Elliott-Wave-Idea/
Even though oil hit the .382 level at $55,57 it retraced and climbed a little higher, I think there is still a little more to come, the .382 extension from wave 1 is at $55,91, from there A may be completed before a larger correction back to where the move the $50 mark started, then up towards $60+
5H candle is similar to last two tops, 5%+ drop occurred last two times. Looking for .382 at $50,66