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WTI Crude Oil, Elliot Wave Analysis
8/15/2022 11:59 AMA fall is possible.
On the daily chart, the first wave of the higher level 1 of (1) of C ended, and a downward correction develops as the second wave 2 of (1) of C, within which the wave a of 2 forms. Now, the third wave of the lower level (iii) of a is developing, within which the wave v of (iii) is forming. If the assumption is correct, the price of the asset will fall to the area of 82.30–67.00. In this scenario, critical stop loss level is 103.55.
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