Crude Oil Hourly Analysis-Could this happen?

FX:UKOIL   CFDs on Crude Oil (Brent)
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Currently we are detecting a pattern resembling 5 wave (see chart) coinciding with resistance (see pink box). Could this be the completion of the 1st major wave down? Could this be followed by a corrective 2nd wave (may be ABC ) triggering a major 3rd wave? Who knows... However, If so, a very good short position may be ahead of us. Watch Oil             and related commodity and forex charts carefully in the coming days.
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