Decline in Crude oil has tagged the Green Box, a minimum required target for subwave -c-, at a 76.4% extension of subwave -a- down:
In Running Flat corrective structures that is the standard target for subwave -c- down.
It is possible that Crude turns up from here.
However, its equally probable to expect crude to make one more lower low in a micro wave v down to 100% ext = 82.70.
If Crude climbs over the red trend line that would be a swtrong argument in favor of teh bullish scenario where crude has bottomed and started a new rally.