Crude pushed down for what looks like wave 5 to almost the 0.618 extension and a very bullish reaction from there so it could be that WXY from 75 is now completed, but there is a chance for x(2) and Z to follow.
As x(2) must be shorter than Y then a move above 7040 could be very bullish.
Comment
I think this is complete, or very close to completing
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.