WTI: Bears Are Outnumbering BullsWTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110 . Your target will be 105-99-93 .
Aggressive traders can sell when the price falls below 119 .
If it goes above the parallel channel, wait for levels to appear.
Thank you
@Money_Dictators
