Elliot Wave Setup, (On 5th wave)

FX:USOIL   CFDs on Crude Oil (WTI)
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According to Elliot wave theory, crude is on its 5th wave. As a rule, W1 and W5 are to be of same length, therefore i have certain belief that our 1st target is around 55.40, which is also 38% retracement level from the starting of trend (i.e oct).
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