Crude Oil:
A Corrective a-b-c Pullback
Would Be a Long Setup

  • CastAwayTrader
  • October 5, 2022
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Crude Oil still holds inside the bullish looking descending wedge:

Crude Oil, 60 min chart

That move up into the upper egde of that wedge can be counted as a micro wave -i- up, to be followed by a corrective a-b-c pullback in a wave -ii- down. If bulls manage top push Crude out of the wedge and then we get a corrective a-b-c pullback to re-test the broken bullish wedge from above that would be an attractive micro long setup.

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