mikebiz
Short

Crude Oil setting up for next pullback

FX_IDC:USDWTI   WTI CRUDE OIL / US DOLLAR
My current plan is for crude oil             to complete a 1-2-3-4-5 (c) wave before moving down later this year. as of now, it looks like it has completed wave 3 and setting up to move down to wave 4. I'm watching 4H chart for averages on price to move down and for ADX to remain below 20 for price to consolidate some more. Should price continue its consolidation and indicators remain intact, I will buy dec CL             put with target of 47.1x to 46.1x.

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