Flat On Crude OIL Targets 53.0/52.0 Zone - Elliott Wave

Gregor Horvat Wavetraders

Crude oil is still trading in a corrective wave B as part of expanded flat correction that can jump up to 61,8% Fibo. retracement and 56 level, from where we should be aware of another decline for wave C down to 53-52 support area and this is where a three-wave A-B-C correction may come to an end.

Crude oil, 30Min

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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