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EWFcw
May 28, 2020 3:44 AM

Light Crude Oil futures (CL1! WTI crude) - ABC wave pattern 

Crude Oil FuturesNYMEX

Description

Light Crude Oil futures (CL1!) is moving down in C wave within ABC flat pattern. In B wave internal b wave was triangle and c wave was ending diagonal, which makes the high odd trade, that from this level the CL will go down in flat correction ABC down to 30 $ mark. Now its about to end the 3rd wave down with one more low then need to correct it by 4th wave up for C wave down., which should be sharp in this case.
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