We are in the last wave C of (Y) of ((B)) - it is a correction.
The wave C almost reached the distance of wave A.
The wave (Y) already hit 1.272 of (W).
Watch breakout of the yellow downtrend.
The target is the former top of wave ((A)) at 23.20 where the wave ((C)) will reach 0.618 of the former.
If it breaks above on a strong impulse than we can reach 26 where both waves are equal.
The wave C almost reached the distance of wave A.
The wave (Y) already hit 1.272 of (W).
Watch breakout of the yellow downtrend.
The target is the former top of wave ((A)) at 23.20 where the wave ((C)) will reach 0.618 of the former.
If it breaks above on a strong impulse than we can reach 26 where both waves are equal.
Ordine annullato:
Usoil not good signs - better book profit or avoid as usoil looks like another drop ahead as sharp reversal like wave 5 impulse down
Sharp zigzag at the start mislead me.