Crude-4-29-19-10-08-pm
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Crude Oil - still expect another drop to complete wave ( iv ) down
This decline looks impulsive. We have just completed a corrective looking a-b-c up bounce that I count as a micro wave iv up. We may get another micro push lower in micro wave v down.
After this decline in wave ( iv ) down gets completed I expect another move up in wave ( v ) up which would complete that corrective rally off December 2018 low. There is a strong confluence of extensions at 68.40 that could be the ultimate target for that final wave ( v ) up.
Crude Oil - 30 min chart updated at 10:08 PM on 4/29/2019
Previous Updates:
Subscription: Micro Counts of Crude Oil & Nat Gas Crude - structure of the move down off the April top ...
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Subscription: Micro Counts of Crude Oil & Nat Gas NG keeps following the bearish count it has been declining off ...
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