Oil to breakdown previous lows : 26,67$
big view of oil price chart. we are going into the last move down before the oil bull market.
Note
We are into a corrective structure (big circle) of the big 3rd wave, we might go lower to break previous lows under 26.67$.Before this 4th wave could have it's top (C)
on the golden zone of the big 3rd around 80$
or we are already completed the C of the 4th wave
according to the sharp move down of the price.
Key : watch the actual move, if it goes corrective (small circle) then we are
certaintly made the C of the big 4th.
Weekly : bearish once to make the big 5th with is the big C, ending the higher degree corrective structure before the big upside move
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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.