This is my preferred count for OIL as the most recent downmove was so violent that it seems to be the beginning of a new trend.
Looking for continuation lower into a three wave move to compose higher degree wave Y.
As always questions and comments are more than welcome,
if you enjoy the content please leave a like and as always,
Trade Safe!
Monthly chart already Published
Here is my Weekly chart with Bit more explaining the short wave .
Short From 56.50 till 20.00 will be in ABC Formation ( As it is a Corrective Pattern )
Further division of ABC as bellow :
A= 12345
B= abc
C = 12345
Trade Plan ::
Lets wait for the Completion of X at 56.50
I will wait for (i)of A to complete
(ii) of A will be a...
