Gasoil Update

The fact that the price did not touch the redline (the starting point of wave a) means that within the current scenario of abc flat only one option is possible - regular flat where wave c travels beyond the low of wave a but stays above wave (i) starting point. That places the target within a green rectangular boundaries. Of course this is a very, very speculative scenario hinging on a lot of assumptions. The biggest assumption is the regular flat, because regular flat is the rarest form of flat correction.

Perhaps a more probable scenario is that the price will penetrate the red line and reverses to form a shallower wave c