- the price made a local with negative divergence against
- it declined in clear 3-3-3 pattern (labelled wxy on the right) and staged 5-3-5-3-5 rally thereafter
These two factors make me expect that the price will decline in the next few days to complete wave c and then BOOM some unexpected news will propel the price to $61/bbl to complete abc flat pattern.
Any Elliotticians here? Can wave b subdivide in wxy?