Above is lifetime chart of wti crudeoil. We can see ABC wave 2 after wave 1 that made highs of usd 140.
I cannot understand what is the abc formation again after main wave 2 ended at C? Is it a joining pattern for another extended corrective complex wave? The one where we have WXY join several flat corrections ?
Normally we should see a 5 wave impulse after C , which would be the first in wave 3
Can someone please clarify?.
Thanks