WTI bounce at resistance but one more leg? Crude Oil to 48-49 ?
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WTI got a nice bounce along with Stocks.
This bounce shows a pretty clear Impulse type behavior (12345).
Looks like wave 3 has completed and wave 4 retrace to start.
I see two possible wave 4 end points, which lead to 2 possible wave 5 tops.
As this bounce develops, I hope to get more clues about future prices for 2019.
This bounce shows a pretty clear Impulse type behavior (12345).
Looks like wave 3 has completed and wave 4 retrace to start.
I see two possible wave 4 end points, which lead to 2 possible wave 5 tops.
As this bounce develops, I hope to get more clues about future prices for 2019.
Note
I have posted an updated short term (15 min chart) to better study the retrace 
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