Crude Oil - SHORT to resume downtrend
From the 66$ high (where we assumed a truncated fifth wave), Crude Oil future shows a nice impulsive pattern. We can clearly see a corrective flat, that we assume is a wave iv, already ended or just one subdivision to the end. We were already shorting yesterday with tight stop, and it did'n work: today we try again with a looser stop, targeting new lows in a fifth wave down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.