Crude has made enough waves to consider wave ( iii ) down completed

Crude Oil has opened with an exhaustion gap down this morning stretching to 214.4% extension of the wave ( i ) down. It has a very completed micro structure for the ave ( c ) of ( iii ) and may have started a countertrend move in wave ( iv ) up. My minimum target is 64.80. But because wave ( ii ) up was shallow the guidance of alternation suggests that this wave ( iv ) up may get very high, all the way up to 69.50

Harmonic Elliott Wave analysis of Crude Oil updated 11-09-2018