Crude Oil Looks To Have One More Leg Up Before Reversal
Updated
Price action after previous high looks to be corrective. I’m waiting on a 3 wave correction down to the 50-618 box before planning any longs. Lower channel boundary line acts as support also. Should see signs of a major reversal around yellow resistance line/764-854 box.
Note
Looks like z may be complete or less likely, continuing with one leg left to the upside. Expected c or y move to the downside.
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