looks like a 5-3-5 setting up. the recent downtrend was a pretty obvious 5 wave down (i think).
will wait for oil to finish consolidating and look for buys at 44-45.5 range (order block + fib level).
should also see macd or RSI divergence when we make a lower low
could possibly trade a wave down if we do complete a 3 wave up (AB = CD, divergence on lower TF).
bound between orange and grey boxes. may drop to purple box(s) before continuing up to orange box and down to grey
will wait for oil to finish consolidating and look for buys at 44-45.5 range (order block + fib level).
should also see macd or RSI divergence when we make a lower low
could possibly trade a wave down if we do complete a 3 wave up (AB = CD, divergence on lower TF).
bound between orange and grey boxes. may drop to purple box(s) before continuing up to orange box and down to grey