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WTI Crude Oil, Elliot Wave Analysis
1/16/2023 10:30 AMGrowth is possible.
On the daily chart, the first wave of the higher level (1) formed, and a downward correction develops as the second wave (2), within which the wave А of (2) formed. Now, the upward wave B of (2) is forming, and the wave of the lower level c of B is developing. If the assumption is correct, the asset will grow to the area of 93.25–100.50. In this scenario, critical stop loss level is 72.45.
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