Despite my desire to see oil rally, the abrupt decline marked as wave i down rendered previous interpretations obsolete. I exited long positions on the bounce before the market closed for the long weekend. What I see is an expanded (a)(b)(c) flat that will take another week to form before a wild rally, possibly fueled by a debt ceiling deal and OPEC+ surprise statements all at once.
Below is the bigger picture
Below is the bigger picture
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