ExxonMobil: Final Pullback Expected

ExxonMobil should soon resolve the ongoing sideways phase, allowing the turquoise wave 2 to establish its corrective low below $104.84. This final pullback is still needed before the next impulsive rally unfolds. Alternatively, there is a 32% chance that the key low was already settled by the turquoise wave alt. 2. A break above $123.74 would confirm this scenario.