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Crude Oil Elliott
CFDs on Crude Oil (WTI)
Crude Oil Elliott
By Joseph_King
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Updated
Jan 16, 2019
9
Cheer
Cheer
Jan 16, 2019
Crude oil could be nearing the end of a corrective B wave.
Price just touched the 0.5 extension at 52,51 for what could be wave 5 of C of B but could also touch the 0.618 extension at 52,70.
A drop below 51,31 would go some way to validating this idea as it rules out what could be an impulsive 5 move upwards.
Jan 16, 2019
Comment
The potential impulsive alternate with invalidation at 51,31
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brentoil
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Joseph_King
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