There are two possible counting for oil.
Triangle in left chart is elliotic and in right chart is classic. Both of them indicate to rising trend. trade conservatively with your own plan.
There are two option to counting CBS wave. Both are in bearish status for short term.
Bullish market waiting buyers
any 5 waves heading down mean bearish market
Chart is speaking
Guess that is the next move.
chart speaks louder than words
watch it closely
let's hope this counting stand.
wave 5 could be begin
The price about to reverse
triangle wave
watch for small rise
no action taken just watching
two possible count
two possible option
need more time to clarify the counting