Joseph_King

Crude Oil Elliot Wave Idea

TVC:USOIL   CFDs em Petróleo Bruto WTI
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

Aviso legal

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