Crude Oil changed direction

Crude oil is confirming our bearish outlook on the 10 min chart. A complete impulse to the downside means that we have to prepare for a three wave rally and go short after it, in order to catch wave (3) or (C). From a trader’s perspective, it does not matter, if it is a third or a C-wave. However, having in mind our big picture scenario, we think it should be wave (3).

crude oil intra

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