CRUDE OIL SINCE BOUNCING BACK OF APRIL LOWS WORKING ON IMPULSIVE MANNER, OIL HAS COMPLETED WAVE 1 ON MINOR DEGREE AT $43.80,THEN CORRECTION HAS TAKEN PLACE IMMEDIATELY AS WAVE 2 WHICH UNFOLDS INTO ZIGZAG PATTERN , I DO THINK FIRST LEG OF CORRECTION HAD FINSHED AT $36 AND BOUNCE COULD CARRY PRICES TO $39 OR $41 BEFORE THE DOWNTREND RESUMES AND HITS INTIAL DOWNSIDE TARGET AT $35
A SIDE NOTE:- A SWIFT AND SHARP REVERSAL USUALLY BRINGS PROCES AT LEAST BACK TO WHERE THE DIAGONAL BEGAN AND USUALLY FAR FURTHER
THE REVERSAL USUALLY TAKES ANYWHERE FROM ONETHIRD TO ONE HALF THE TIME THAT IT TOOK THE DIAGONAL TO FORM, SO WE DEFINED THE FIRST TARGET AT $35
