Oil is set for a quick drop before a rally Short

Crude Oil (WTI)FXCM

Description

⋅ Aug 19, 2019 10:48 PM

Oil has positioned itself for a steep drop today-tomorrow to complete the correction before it rallies to 62/BBL area. Here I try mastering counterintuitive xyz corrections. It is because of them the wave count oil is so difficult to interpret.

Elliott Wave