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Crude Oil - wave ( iv ) down is most likely completed
I expected Crude to make another push lower but it never delivered. Very often wave ( iv ) down comes as drop down with an ugly structure. It seems it was one of those waves ( iv ). It was deep enough and even broke under the channel which is a typical behavior for wave ( iv ). From here it may make the final (a)-(b)-(c) up in wave ( v ) up to complete a larger wave C of ( B ) up.