Crude Oil Looks To Have One More Leg Up Before Reversal

Dec 11, 2019

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.

Dec 13, 2019

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.