The next few days Crude Oil may perform a good correction based on rumors of production cut. But overall trend is still bearish. Around 39$ sellers may come into play. Although, in my opinion bottom is near. I'll be following Brent chart, because there technical picture more clear than WTI. Share your thoughts about WTI.
an A wave needs 5 waves, unless you are talking about a Triple Zig Zag type wave 4?
tricky_nik
⋅
Hi, Robb. If the question about terminology, you can replace it on W-X-Y. Personally, i don't focus on naming. In my opinion form is more important, especially in corrective waves. At will might be painted optional. For example: