$WTI - Market Analysis for Aug 17th, 2018
Crude continuing to bounce today suggests that wave (iii) of c already completed, and price is now in wave (iv). Unless resistance around here at 66.40 holds for wave (iv), we'll likely see overlap into wave (i) price territory on this bounce, forcing an ending diagonal count for the c-wave instead of an impulse. 67.21 is the ideal resistance to hold for wave (iv) in that case.