CRUDE OIL. INTRADAY ELLIOTT WAVE ANALYSIS

CRUDE OIL
HOURLY CHART

Current structure showing that wave 4 is in play. Based on guideline of alternation within impulse wave, we are expecting a shallow/sideway movement for wave 4 and the reasonable target for wave 4 to end is at 38% golden ratio. Invalidation level must hold for this idea.

TRADING IDEA:
Stay away for now and wait for wave 5 trading setup to go long with the market.

-pengiran