Crude oil made a perfect drop lower, which we now see it as wave c of a three-wave decline. Ideally this three-wave decline will now come to an end and a new turn up will be seen around the former swing low at 50.35 level and near the Fibonacci ratio of 100.0, where measurement of equality of waves a and c comes in play.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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