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Elliott Wave View: Oil (CL) Wave (5) Rally in Progress

Elliott Wave in Oil (CL) suggests the rally from April 23, 2020 low is unfolding as an impulse Elliott Wave structure. It is currently still ending wave ((3)) from April 23, 2020 low. Within wave ((3)) subdivision, it's now in the wave (5). Short term 45 minutes chart below shows the rally to 63 ended wave (3) of ((3)). Pullback in wave (4) of ((3)) has ended at 59.32. Internal of wave (4) unfolded as an expanded Flat where wave A ended at 60.64, wave B ended ...

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