Tag Archives: elliott wave us oil weekly

US OIL: Elliott Wave and Technical Analysis | Charts – October 04, 2019

Downwards movement followed expectations for the Elliott wave triangle pattern on the daily chart.

Two daily charts are presented again for the main wave count. It is important to always consider alternates when an Elliott wave triangle looks to be unfolding.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – October 04, 2019

US OIL: Elliott Wave and Technical Analysis | Charts – August 2, 2019

Downwards movement was expected for the week. An outside week closes red.

This week On Balance Volume gives a reasonable signal at the weekly chart level, and the short-term volume profile supports the main Elliott wave count.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 2, 2019