usoil-2018-12-29-Offset Wolfe Wave

Here is a Offset Wolfe Wave that Failed at point 5 , once Price closes higher than Point 5 then you either Buy or wait for a better place to place your trade , in this case i was also following the Elliott Wave Count that kept me being a Bull as you can see there is now a possibility of a Correction , i will update the chart on a Lower time frame in the next week or so depending if we have reached the bottom now .

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Just about the time to start looking for a Correction ,hope my Wave count is rite and if so looking at 53.90 to 54.50 for a possible Correction .