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Brent Crude Oil
Long
May 13, 2024
Brent Crude Oil - Going up
2
Grab this chart
Grab this chart
Price printed a running flat last week, which typically fails.
The impulse 5-wave up has now retraced for an entry.
At the minimum, we should hover for a while and see another 5-wave move up.
This appears to be a corrective trade that is counter to the main direction, so be nimble to exit at any signs of a top.
Invalid below 82.25.
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Elliott Wave
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