Crude - still in a corrective wave ( b ) up

I still think that this wave ( b ) up should get higher into the red target box. We may count rally esterday as subwave a of ( b ) and the pullback today as wave b of ( b ). So we are left with one more micro rally in wave c of ( b ).

From the top of wave ( b ) up I expect another impulsive decline targeting the green box on my chart below. As long as we stay under 53.60 the structure is bearish.

Crude - 240 min chart updated on 27 December 2018

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