My idea is WTI continues down to hit fib level and bottom of new upward channel. Then works way into wedge at intersect of upward channel and months long downward. Break up or down from there??? TBD...
True that.. my prediction is also along the similar lines. The $47.2 area 38% retracement of this A-B wave is closely coinciding with the 50% retracement of the X-A wave which is at the $47 mark.