Crude Oil drew a bullish descending wedge over the period from June to September 2022:
Crude broke out of that wedge in October 2022.
When such a breakout happens normally price comes back down in a corrective looking a-b-c structure to re-test the broken wedge from above.
This morning Crude Oil has touched the Green Box, turned up and violated the first micro resistance.
It’s very possible that it has bottomed in a micro wave ii down and is ready to start a subwave a of wave -iii- up.