OIL POTENTIAL SHORT AT PEAK OF WAVE 5

OIL has reached weekly high of around $75 at 1.382 fibonacci projection for on wave 5. Potentially a reversal point as the developing weekly candle also looks like a Doji . Potential entry point for short. Correction ABC is expected when the price reverses.

Comment: previous idea

Comment: this weekly chart still holds. price at support level, which is expected to break to form correction leg A