US OIL Is Going To DUMP HARD - 40 USD?

Updated
We have a ABCDE wedge ongoing. Currently we seem to be at the ending of wave (E)

We already developed 5 waves up to the upside of (E), and we seem to be at the end of this extension.

I dont have a specific target yet, but i will update this idea, if this goes as expected.

I would short anywhere in the red box.
Note
We are gonna keep climbing higher abit, 61,5 Inc.

snapshot
Note
OIL is at my short Target now. A short here would be good.

snapshot
Trade closed: target reached
OiloilforecastoiltradingS&P 500 (SPX500)spyshortWave Analysis

Also on:

Disclaimer