USOIL could reverse down after ending diagonal

WTI could be in wave (C), which undfolds now within an ending diagonal.
It already reached the 1.414 of wave (A).
The wave 5 should complete it.
Then the drop is expected, which first should break below trendline support.
The final confirmation is below wave 4 of (C) under 13.19

The structure of the drop will show whether it will be a retest of the low or the joint correction.

Kommentera:

the map has changed

Y already 61.8% of W
RSI shows highly overbought reading

Order avbruten:

The structure changed as initial bullish idea for ukoil played out well