Source: thewavetrading: OIL: Follow Up of the Short Term EWP | The wave trading

Oil may soon offer a short set-up (For a multi-day pullback)

The pattern from the September 14 high suggests a that price could be involve in unfolding a flat correction:

The down leg off the September 14 peak is corrective = Possible wave (A) The current up leg is also corrective = Possible wave (B) in progress.

Price is reaching a potential short term pause in the area of 94-87 (previuos resistance)

If my short term scenario plays out, price is  on the verge of a beginning a multi-day pullback with a likely target in the area of the 20 dma = 90.90

If the 20 dma does not hold then a larger pullback could be shaping the right shoulder of an Inverted H&S ( The IHS would have a theoretical target of + 9.50$)