Last week we saw oil bottom out and correct against the trend (see related idea). It looks like the correction has completed as price saw a sharp rejection from the Daily Trendline and 61.8% Fib. It looks like we are once again resuming the downtrend.
Chart includes updated wave count.
Please check the related ideas for the overall picture.
Chart includes updated wave count.
Please check the related ideas for the overall picture.
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