Oil 4Hr.
In my honest opinion, oil is doing a major wave 3 (orange) to at least fe100 at 57.78. At this moment on a minor wave, i believe that we have a 1-2 1-2 done so far. i think with that impusive move down, this could be a 3rd wave to 60.76 (fe100) or even to 58.70 (fe161.8). after which there could be a retrace to wave 4 then a good downmove to wave 5. will update all these later . here is a chart.
In my honest opinion, oil is doing a major wave 3 (orange) to at least fe100 at 57.78. At this moment on a minor wave, i believe that we have a 1-2 1-2 done so far. i think with that impusive move down, this could be a 3rd wave to 60.76 (fe100) or even to 58.70 (fe161.8). after which there could be a retrace to wave 4 then a good downmove to wave 5. will update all these later . here is a chart.
STING