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WTI Crude Oil, Elliot Wave Analysis

12/19/2022 10:19 AM

Growth 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 development of wave B of (2) has started, within which the wave of the lower level a 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 70.05.


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