Crude Oil Elliot Wave Idea
Could be completion of an ABC correction at 5738.
Alternate is only wave 3 of impulsive move was complete (in red), if price turns up from the .382 level there could be a 5th wave and a new high.
There appears to be bearish divergence on daily timeframe so a new low may occur which would fit with the ABC
Alternate is only wave 3 of impulsive move was complete (in red), if price turns up from the .382 level there could be a 5th wave and a new high.
There appears to be bearish divergence on daily timeframe so a new low may occur which would fit with the ABC
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