"Somebody" sees Oil/Crude//UWTI has bottomed? Bullish EW-count
Red W3 and W5 was made on a positive divergens
Orange W1 was 5 waves up
Orange W2 is a triangle that needs to make the last E-wave (That could be very brief back to the 50 fib line or less - the 61.8 that makes a 38.2 retrace (very common)
13 has crossed 34
The count above is the very count
We could as well just see an ABC up instead of 5 waves up - Time will tell!
Safe trading ladies and gent!
Music at work: