Crude keeps moving down in its wave ( iii ). On 15 November 2018 I posted a chart (find it below ) where I expected a drop from 57 to 52.39.
This morning crude dropped to 53.86 (please see the chart below). It still can extend to that green box and we still need to make another run lower fter a pullback because I count this move as only ave iii of c of ( iii ).
From that green box we should see corrective wave iv of c of ( iii ) and then another drop to a new low that would finally complete the large wave ( iii ) off the top reached on 3 October 2018 before we will see a large corrective wave ( iv ) up.