Oil due for a correction

TVC:USOIL   CFDs on WTI Crude Oil
67 0 0
We are due for a significant wave 4 correction after an amazing run since mid september. Wave 3 appears to be ending in a smaller order wave 5 diagonal which would result in a significant drop 47.5 - 44.5 approximately. It is possible that there is no diagonal formation and instead we have a completed wave 5 of the third wave however this would result in a very similar correction to the same levels.
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