WARNING THIS IS NOT A TRADE CALL!! This corrective structure in crude could be over if it's a flat where the C wave doesn't go beyond the A wave. As this move develops we will see if it's a 4th wave or the start of the up move. I would be following on lower time frame for the move of the day.
You are welcome Dana,will follow up with lower timeframe soon
hold4while
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very nice chart thanks for post
IvanLabrie
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I think the move down is impulsive, and it already started the fifth wave of C down, but I could be wrong.
That's what I'm seeing in DXY, which is very tightly correlated, since dollar strength = crude weakness in my opinion.
mac019
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Let's see how this plays out.
MWaveTrading
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Hope we are getting lower. the lower we get, the more I will buy