Crude Oil possible case scenarios (Elliott Wave Analysis)

16 ביוני 2017

It looks like that from the white marked box we are seeing a 5 legged down movement, currently I have 2 counts for this situation, Black and Red, both counts are quite probable, my bias is slightly towards the red count that is I think that a leg down might still remain which is a direct conclusion of the fact that the Black Wave 2 consumed quite a bit of time.

I think that traders should stay away from this market for a while as the higher degree counts are offering a lot of different probabilities.
Wait and watch for now.