Perfect Rejection from TL & 61.8% Fib - Updated Count

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Last week we saw oil bottom out and correct against the trend (see related idea). It looks like the correction has completed as price saw a sharp rejection from the Daily Trendline and 61.8% Fib. It looks like we are once again resuming the downtrend.

Chart includes updated wave count.

Please check the related ideas for the overall picture.

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