Saudi Aramco Long Term View

Oct 24, 2023

2222

• SAUDI ARAMCO clean structure on chart. Extended wave 3 is completed. Now stock is on correction in wave 4
  

• I think stock will take few more weeks to complete the wave 4 correction.
  

• Now I think there are more than 2 possibilities. I have shown 2 possibilities in chart.
  

1) First possibility is that stock is in wave 1 of extended wave 3. Red Arrow is shown on chart is showing that stock will break all time high level. It means that it's in wave 3.
2) Second possibility is shown with green arrow in chart. That stock is in complex correction and it's in wave X. If it's in wave X then labelling will be different which I not shown in chart.

I will update regularly if corrections are needed for labeling.

Aug 29

Note

I think the WXY correction is complete, and the stock will be bullish for some time or break an all-time high level.