
Crude registered its 6th losing day in a row, as its C leg puts on a clinic of how a C is supposed to behave. I'm still short-term bearish until the
blue channel is broken, which will be when its 4 wave takes place (if it hasn't already). I will then connect
2 with
4 for another channel.
If the count is right, crude would have one more little leg down to complete
3. At that point, we should see a messy
4 based on
2's apparent simple zigzag. The alternate is at the bottom in white.
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