OIL , They Have 3 Wolfe wave (x,y,c) all this Wave its Bearish & may any Wave Correction for any Fibo Resistant ,
I would Say the price can bullish to (54.55 in the daily frame and go Down)
In 4 Hours Frame all the Target in Chart , and Good Entry To Sell after 52.89
T1 @ 52.17
T3 @ 49.22
Note that there is saturation of my purchase
and be careful may...
A correction is expected
From 54.90 and 55.25
To be straight landing targets
Of course all the correction was down
Strong all the height was stronger
Personally, I expect to fall to 50-49 levelsNYMEX:WTI1!