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Light Crude Oil Futures
Long
Oct 30, 2023
WTI wave analysis
1
Grab this chart
Grab this chart
fundamental still bullish in war situation so we bias to buy
In my view new 1-2-3-4-5-A-B-C cycle is happening
wave 1 is leading diagonal (this is very clear)
by Elliot wave rule wave 2 cannot go down below wave 1
So we use this rule to set our set set up with 2 RR
If wave count wave right price should not go below wave 1
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