We contribute to: FX Street | Daily FX | Investing.com | TalkMarkets | Barchart.com

Improve your Success as a
Trader & Master

Elliott Wave

Like a Pro

Discover a fast and trusted way to make better decisions and improve your trading

Start FREE 14 Day Trial Start FREE 14 Day Trial

Why

Elliott Wave

Forecast?

Chart of the Day - 5 March 2021

Elliott Wave View: Oil (CL) Wave (5) Rally in Progress

Elliott Wave in Oil (CL) suggests the rally from April 23, 2020 low is unfolding as an impulse Elliott Wave structure. It is currently still ending wave ((3)) from April 23, 2020 low. Within wave ((3)) subdivision, it's now in the wave (5). Short term 45 minutes chart below shows the rally to 63 ended wave (3) of ((3)). Pullback in wave (4) of ((3)) has ended at 59.32. Internal of wave (4) unfolded as an expanded Flat where wave A ended at 60.64, wave B ended ...