Crude Oil 4 Hour Chart Wave Count (Potentially Bearish AB=CD Har
1. Crude oil currently reaches the pressure level in the supply area, and there is a potential AB=CD harmonic pattern.
2. There is a high probability that crude oil will break a new high with a strong white b wave. At present, the white b wave c has run for 3 waves and the pressure level of the supply area in the early stage has weakened, so you can go short. After entering the green 4-wave correction, there may be another wave of buffers breaking new highs, so the opportunity will come now, and we will combine the 4-hour MACD for the third time to deviate from the layout of medium and long-term empty orders.
2. There is a high probability that crude oil will break a new high with a strong white b wave. At present, the white b wave c has run for 3 waves and the pressure level of the supply area in the early stage has weakened, so you can go short. After entering the green 4-wave correction, there may be another wave of buffers breaking new highs, so the opportunity will come now, and we will combine the 4-hour MACD for the third time to deviate from the layout of medium and long-term empty orders.
