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TheDemonTrader

Crude Oil is Potentially in Zig Zag Correction Wave

Kort
Crude Oil Futures (Nov 2018) (NYMEX:CLX2018)  
TheDemonTrader  
NYMEX:CLX2018   Crude Oil Futures (Nov 2018)
Support and Resistance Supply and Demand Elliott Wave Crude Oil Crude Oil WTI CLX2018 Crude Oil Futures WTI (CL1!) zigzagpattern
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supportandresistance supplyanddemand elliottwaves crudeoil usoil clx2018 cl1! zigzagpattern

*for the chart above, please ignore the price scale. That is just a text book example.

snapshot

At Daily time frame, if price can break below the blue box area (refer to the chart below), then I'm thinking it's going to be an impulsive wave (5 legs) which means more downside to go and it will not be a zigzag pattern at smaller time frame.
snapshot

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