WTI short term Retrace watch: Crude Oil study on 15min chart
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This is an update to my larger timeframe trade Idea 
I think we have completed wave 3 up, and are now looking for the requisite ABC to form wave 4 down.
I see three zones of importance, where wave 4 should end and waver 5 up should begin.
If price falls to the red zone, then Oil is nowhere neaar as bullish as the bounce would lead you to believe.
It is currently Asian session so not much action is expected until London open or US session.
I am hoping Asia completes ABC, then London completes wave 5 up, leaving US to decide what next after a completed 12345.
Let see how this plays out.
I think we have completed wave 3 up, and are now looking for the requisite ABC to form wave 4 down.
I see three zones of importance, where wave 4 should end and waver 5 up should begin.
If price falls to the red zone, then Oil is nowhere neaar as bullish as the bounce would lead you to believe.
It is currently Asian session so not much action is expected until London open or US session.
I am hoping Asia completes ABC, then London completes wave 5 up, leaving US to decide what next after a completed 12345.
Let see how this plays out.
Note
Oil playing along reasonably well. Lets see if it bounces here soon Note
Here we are, at what I thought was a likely pullback and then continuation zone Note
Been getting some bounces, but looks like we will test one more zone below yet Note
Oil finally bounced at the last possible zone, and it bounced EXACTLY off the top boundry 
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