- All three falls (marked as 1,3 and 5) are almost equal size.
- long term trend line support
- highly oversold
- 13 days of continuous red
I had also posted crude charts which are topping out and jet is at very important support. Hence could give a decent rally from here. Risk reward is comfortable
At 80.5, 5th wave is almost complete. it is extended to 70%. Should top out soon and retrace fast towards 4 which is around 65. Watch out of re-entrance into the channel.
