Crude is turning down from resistance with what appears to be an impulsive move. Could be wave a of 2 (purple), or if corrective wave (ii) of iii (white). Significant support at 34.77 region would need to be broken to consider the old green count with new lows later this year. Pattern should offer clues before support breaks.
Comments
nick.holland78
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Sorry, lost count of my labels. This was the potential wave (iii) top in white, with wave (iv) support as shown. A corrective decline into the mid-40s could differentiate between purple wave-a and white wave-(iv).