Crude oil - as expected decline has stretched to the green target box

Crude has arrived to the lower green target box I showed in my previous update. Yesterday  I wrote:

A the moment I see two high probability bottoming zone for this move down: 43.40 – 43.00 and 42-41.80. If you decide to take it and go long please play small. That is a not great setup in a sense that you play for a corrective wave b. And wave b may get super shallow.”

 

Crude oil - 240 min chart updated on 25 December 2018

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