crude-4-15-19-12-40-pm

No changes in my count and short-term bearish expectations regarding crude oil. I expect that current wave ( c ) of ( iv ) down to extend lower into the target box. Two most likely targets are 62.04 – 61.34. In extreme case that ( c ) may stretch to 276.4% of wave (a) down ( 60.56). That coincides with expected position of the rising 1,000 MA (the magenta line).