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cmpmcl
Aug 12, 2016 8:42 AM

Short term Elliott downside cycle, imminent wave 5 ... Short

Crude Oil FuturesNYMEX

Description

I think that wti short term down trend can resume soon with a reversal in the area of the rectangle in the chart (end of wave 4). Thus maybe wave 5 can complete the down cycle at about 36 (or above too, but at least 39 to a double min) before the main up trend can resume its way to the upside.
Comments
tbuckle
seems like we are being short squeezed. why not 44.5?
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