It is my belief that crude oil will crash very soon. Here are the reasons in reference to my chart:
1. Price has toyed with the resistance zone multiple times and getting more frequent (violates it once).
2. My wave counting suggesting a potential compounded crash.
3. My general analysis of the broader markets (equities, crypto, precious metals) suggesting that broad liquidation is going to come soon (link of ideas below).
1. Price has toyed with the resistance zone multiple times and getting more frequent (violates it once).
2. My wave counting suggesting a potential compounded crash.
3. My general analysis of the broader markets (equities, crypto, precious metals) suggesting that broad liquidation is going to come soon (link of ideas below).
