24 Mar 2021 ● 03:39 AM
WTI crude oil fell once more converting the recent decline into a 5 wave move. The 5 wave decline might not be over till it is and we get a bounce, but the decline is wave A of an ABC correction that has started so this is not the end of it. Wave B when it occurs will retrace 50-61.8% of wave A down and then wave C will fall below the low of wave A. We know this in advance and only need to watch the end points of each move.