Tag Archives: weekly elliott wave usoil technical analysis

US OIL: Elliott Wave and Technical Analysis | Charts – 19th October, 2018

Sideways and slightly lower movement was expected for the week as a pullback unfolds. Price has moved lower, more than anticipated, but it remains well within the allowable limits for this pullback. Both Elliott wave counts remain valid.

This week volume analysis is used to determine where this pullback may end, and specific trading advice is offered to members.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – 19th October, 2018

US OIL: Elliott Wave and Technical Analysis | Charts – 21st September, 2018

Upwards movement for the week has unfolded exactly as expected.

Both Elliott wave counts at the daily chart level remain valid. The larger picture at the weekly and monthly chart level remains the same.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – 21st September, 2018

US OIL Elliott Wave Technical Analysis – 7th September, 2018

Price has continued to move overall sideways for several weeks, which is exactly what the Elliott wave count expected for the bigger picture.

Two Elliott wave counts remain at the daily chart level. They both expect the same direction next.

Continue reading US OIL Elliott Wave Technical Analysis – 7th September, 2018