Elliott Wave 5.0 "Reboot"

Thursday, March 31, 2016

Crude Oil Intraday Wave Count Review

What a difference a few days made in the pattern as this decline has taken much longer than a correction should which could also mean the entire move has been a 3 wave bull market and another start with a fake move. 

There is more upside right now, but once this runs out we should see crude oil heading lower once again. We are faced with what can give us  5 waves down in Subminuette degree, which should not take us to wild record lows, but a new bear market low would have to happen, as  inverted "ABCs" usually retrace the entire rally.

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