More downwards movement below 66.86 invalidated one of the two remaining daily Elliott wave counts.
At the end of this week, two versions of the remaining Elliott wave count are provided.
Sideways and slightly lower movement was expected for the week as a pullback unfolds. Price has moved lower, more than anticipated, but it remains well within the allowable limits for this pullback. Both Elliott wave counts remain valid.
This week volume analysis is used to determine where this pullback may end, and specific trading advice is offered to members.
Downwards movement was expected for the last week, which is exactly what has happened for US Oil.
Both Elliott wave counts remain valid.