OIL Elliott Wave AnalysisHello friends
In the oil price chart, we saw the formation of a triangle that has ended and with the price moving upwards and breaking the downtrend line and pullback to it, it has formed a 5-wave pattern, all of its sub-waves have been identified.
The 4 sub-waves of this pattern have been clearly formed and wave 4 has corrected by 61.8% of the Fibonacci.
Now it is the turn of the price to move towards wave 3 or C.
The first target is $82 and the second target is $86.
Be successful and profitable.