Crude

Crude may have finished A up. We have broken the channel after completing 5 waves up. If correct, we should see B kick into gear, which would mean downside pressure.

Sorta has a H/S look - doesn't it? The 38.2% from the lows comes in at 63.87 and the 50% is at 63. I have to maintain a negative bias until B completes.

The important thing that happened was printing below 59.41 at the completion of A. This reinforces that this move from the February lows has been corrective. How? Because the second set of 5 waves came back into the price territory of the first set, thereby, negating the possibility of an impulse structure.