Crude Oil Elliott Wave Idea

Update on these long term ideas:
Crude Oil Elliott Wave Idea

Crude Oil Elliott Wave Idea


Oil breached the long term trendline but stopped at another one (below) and at the 1.414 extension exactly. My theory is the bottom is in here and possibly move up towards $60 again as part of a complex corrective move; a break above $5060 would help.

snapshot
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