TheDemonTrader

The 1st Wave is Completed (Potentially)

Short
NYMEX:CL1!   Light Crude Oil Futures
Wave 4 was quite tricky. There are several alternative wave counts but I prefer this one because it adheres to all Elliott's rule. I hope the price will not break 66.92 as that will be a cut-off signal that Wave 5 of wave C of Wave 4 has started. Correction ABC might bottom at 38.2% (that's around wave 4), 50%, 61.8% and 78.6% areas.
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