Oil is in a flat correction currently (335 pattern likely). Compare with the sharp wave 2 correction, this flat correction will most probably continue to June 13th or longer. Let's see how alternation rule play!
Montly chart Elliott Wave:
Good luck for everyone!
Montly chart Elliott Wave:
Good luck for everyone!
Note
Updated elliott wave counts and correction wave time target until June 27th.Note
The potential reverse zone is around 50.5~51.5 from harmonic pattern analysis. I will short at this zone.Note
Price was rejected back from the upper border of wedge.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.