Why elliot wave could spell trouble for CRC

Short

California Resources Corporation (NYSE:CRC)

NYSE:CRC California Resources Corporation

CRC Oil Energy Commodities oiltrading oilprice oilstocks oilforecast

crc oil energy oiltrading oilprice oilstocks oilforecast

Buying CRC around 10.9- 11.3 has been a safe bet as of late (if you can afford the round lots, which I sure can't!). But this chart shows why the stock could go under 10.6 in the near future... (assuming wave iii= longest)

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