Still expect further downside in OIL

184
The gray resistance around $75 I mentioned in my previous post was tested and held nicely.

We have since began a corrective movement and my primary count considers that we are in the final stages of Wave B (light blue), in which case we should still have at least one more leg down. Further price action is needed to determine what type of flat we´re looking at.

Anyways, I´m not a buyer at current levels.

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