as per last chart my expectations r that the correction will be more complex and long cose of that bigger drop that was before.
First as downside opinion is that the up move what we r not seeing in this chart that was before this whats on this chart, is complete structure and can be counted as complete wave in bigger time frame and more down may be possible.
But as iv said previous im more for a deeper and more complex correction, and this what presented on a chart looks like 3 wave structure and we r at the end of it. where will it finish i dont know, i need more informations about the structure that is making on its way down in smaller time frame so we can know its ending. stay around for updates.
Crude OilOiloilforecastOILWAVEWave Analysis

Disclaimer