Good morning!
Crude is running its C wave of X down, and is soon going to complete its final wave 5, so, after that, a bounce is supposed so happen which will ignite wave Y of the multi-month correction.
I think the decline should end at approx 47 where we have a fibo confluence 0.768 of wave W and where wave 5 has one of the possible termination targets of 0.618 the next run of (1)..(3).
We already see a nice momentum slowdown, so a bounce is getting close.
Crude is running its C wave of X down, and is soon going to complete its final wave 5, so, after that, a bounce is supposed so happen which will ignite wave Y of the multi-month correction.
I think the decline should end at approx 47 where we have a fibo confluence 0.768 of wave W and where wave 5 has one of the possible termination targets of 0.618 the next run of (1)..(3).
We already see a nice momentum slowdown, so a bounce is getting close.
