Great EW analyst had it right. Looking for oil to change trend here.
Target met. Now looking for trend change.

EW summary April 17 2020: “Assume the downwards trend remains while price remains within the channel on the daily chart. There are now two final targets. The first is at 12.82. If price reaches this first target and the structure is incomplete, or if price keeps falling through this first target, then the second target is at 9.77.”