$WTI - Market Analysis for Aug 3rd, 2018

Crude turning down from where it should if we have a (i)-(ii) setup as the start of wave c of 4 to the downside, with confirmation upon a break of the current August low. Otherwise, a move back above yesterday's high at 69.34 opens the door to the circle b-wave still in progress and a more complex flat.

WTI A0-FX - Micro - Aug-03 0913 AM (2 hour)
WTI A0-FX - Micro - Aug-03 0913 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.