Crude oil update
Oil has bounced from 65 level and provided a clear ABC pattern to upside and also provided clear
ABC pattern to the downside.
As per this there are 2 possiblities.
1- Either this pattern in WXY, in which WX is completed and we are due for Y move, which has to
complete above 68.19
2- 2nd ABC can be part of ED,and wave 1 of ED is complete and 2 is ongoing.
Lets see how it playout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.