USOIL (WTI). Corrective structure is going to finish soon.
The price of oil is finishing the corrective structure (a-b-c)
with wave c completing a possible ending diagonal.
It could reach out to 50 area.
The wave c is already longer than wave a, therefore we will see another drop afterwards.
The minimum target for the anticipated drop is located at the earlier low at 42.34.
with wave c completing a possible ending diagonal.
It could reach out to 50 area.
The wave c is already longer than wave a, therefore we will see another drop afterwards.
The minimum target for the anticipated drop is located at the earlier low at 42.34.
Comment:
none of downside triggers were pulled as yet