Yes, today's price action was very bearish. If we don't see a reversal bar on Friday to stop the bearish momentum, the market will really start the big wave-[C] to ... maybe 960.
I was googling EW tactics and found a crude oil forecast from Jeffrey Kennedy that went something like this: :eek:
Interesting price action tonight. The hourly is tracing out a megaphone. Grand Supercycle used to harp on this type of pattern.