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Brent Crude Oil, Elliot Wave Analysis
2/10/2023 10:30 AMA fall is possible.
On the daily chart, a downward correction develops as the second wave of the higher level 2, within which the wave c of 2 forms. Now, the third wave of the lower level (iii) of c has developed, a local correction has ended as the fourth wave (iv) of c, and the fifth wave (v) of c is developing. If the assumption is correct, the Brent Crude Oil will fall to the area of 72.50–62.55. In this scenario, critical stop loss level is 89.06.
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