CRUDE OIL is very close to finding lows for some time

5 May

As mentioned before, Crude Oil is going to find lows very soon. I believe we are in a WAVE C of a correction, and need to finish 5 waves within that C, as labeled in the chart. After we get this finish, it is very safe to say crude oil has found a low for some time. Regardless of Elliot wave, we need to get in via confirmation. That means at the minimum we want to see 30 min swings being taken out and so on.