1. 5th wave in C has started 2. (B) wave in triangle correction ABCDE in 4th wave has started. This means, that 5th wave will be much later, but I think this is not what is exactly happening on oil market. For me scenario 1 is more preferable. In any scenario just keep calm and short oil, when it breaks 47.06 support. P.S. always use stop loss. Always. Yes, ALWAYS!
I see in this chart double top. Its already stop go up. We can make a lot of money
Still correction. Working with fibonacci levels Take Profit 47 Stop Lose 45
Long time, I told that oil will go to 35 Last month, it broke the support line (78.6% fibonacci level) after touch 61.8% fibonacci level. Now again touch 78.6% and dont break it. And will go down. Maximum point of movement is resistance line.