Oil has finsihed five rising waves at 41.9 which is 0.618 position of last down waves. It starts retracing back currently. From the structure of the wave A down, it will be a zigzag retrace which might retrace 50% or 61.8% of last rising wave.
Trading suggestions: Wait the wave B up and go short when it retraces to 37.9~38.5 with SL at 39 TP1: 36.4 TP2: 34.8
Good luck for everyone! Comments and suggestions are welcome!