Crude Oil bearish Descending Flag Formation (Nikita FX )

NYMEX:CL1!   Light Crude Oil Futures
292 0 1
Crude Oil             looks like having a trial breakout with Pink Flag upper line, however it
was rejected with Black Strong Resistance Line. And wave counting is still 4-E.

I would say it goes further downside into TP 2:17.02

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