TheDemonTrader

Wave 4 Was A Running Flat

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NYMEX:CL1!   Futuros de petróleo leve bruto
X went higher than top of wave 3 (green in bracket). Y made 5 legs (impulse) but didn't went down below W. And then price kept on making higher highs. That should gave us a hint that wave 4 was a running flat. Look out for the confluence of fibo levels in the white box and the blue horizontal line at 72.70. That might be the next target.
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