One way of looking at OIL
If the February 2016 low was the end of a massive 3 wave decline for oil we can expect some serious upside going forward. Wave principles suggest however that a zigzag correction would typically extend to the 100% extension of wave A which is why I describe this chart as only one of the ways of looking at OIL. Details on the chart.
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.