$WTI - Market Analysis for Sep 13th, 2018

Crude needs to quickly turn back up toward a new local high from here in order to satisfy a clear 5 waves up off the low made last week as wave (i) of iii shown in blue. Otherwise, my concern is that this is only 3 waves up as a (b)-wave shown red, allowing for a (c)-wave back down to last week's low in a larger wave ii flat.

WTI A0-FX - Micro - Sep-13 0642 AM (2 hour)
WTI A0-FX - Micro - Sep-13 0642 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.