WTI bounce at resistance but one more leg? Crude Oil to 48-49 ?

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.

Yorum:

I have posted an updated short term (15 min chart) to better study the retrace