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Brent Crude Oil, Elliot Wave Analysis
12/30/2022 10:25 AMA fall is possible.
On the daily chart, a downward correction forms as the second wave of the higher level 2, within which the wave from of 2 forms. Now, the development of the fifth wave (v) of c has started, the wave iii of (v) has formed, a local correction has ended as the wave iv of (v), and the wave v of (v) is developing. If the assumption is correct, the price of the asset will fall to the levels of 72.50–62.55. In this scenario, critical stop loss level is 89.95.
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