Crude is continuing along the path suggested by the short term count.
Much like the Rothschild analogy for investing,
When there is blood on the streets, buy property!
Three wave corrections completing now.
A break of this level has now confirmed the worst for EURUSD.
The initial signs are good.
These markets are on a cliff edge waiting for a nudge!
If this market has now turned,
Then we are in for a serious decline phase ahead.
A break of that level will signal a larger decline has begun in a possible wave [iii] green.
I have revised the short term wave count to reflect the action better,
EURUSD is looking weak across the board,
and I think it is time to seriously consider the bearish alternate count.