Crude oil has been trading higher due to a situation between Israel and Iran. Since the escalation and strong rise, we talked about wave 3 of an ongoing five-wave bullish cycle with our members on June 16 that can resume even higher for wave 5 after a wave 4 correction.
As you can see in our screen shot from members area, we highlighted an important region for potential bounce into fifht wave. Not because we are “magicians” or something; its because we follow the Elliott Waves and we focus on “clear wave structure”, that are easy to recognize. And thats where opportunities are.

As you can see today on June 23, after a completed wave 4 correction, Crude oil nicely extended its rally within 5th wave. But what now, when this high has been reached?! We go higher, lower?
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Grega

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