Crude Oil in for a crude shock

4 Nov 2023

This is a zig zag corrective pattern, this is the only correction where the B leg doesn't go back to the highs. The A leg has five waves. B leg is an expanded flat corrective pattern. The C leg has started with a Railway Track which is a directional signal. The C wave will again have 5 waves. The minimum target is the 61.8% of the swing which is 4439. We are talking about a good 33% correction from the current levels.