Crude oil is falling in a 'C' wave that likely reaches $62 or lower levels.
The 'C' wave will likely take on a motive structure (impulse pattern or ending diagonal). Once the final low is printed, then crude will rocket up to new all-time highs.
If the decline in wave 'C' is not a motive structure, then it will be a big clue that it is wave 'C' of a large triangle pattern. A triangle pattern would grind sideways for most of 2023 making little net progress.
Good luck out there!
The 'C' wave will likely take on a motive structure (impulse pattern or ending diagonal). Once the final low is printed, then crude will rocket up to new all-time highs.
If the decline in wave 'C' is not a motive structure, then it will be a big clue that it is wave 'C' of a large triangle pattern. A triangle pattern would grind sideways for most of 2023 making little net progress.
Good luck out there!
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
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qwiz.seethewaves.com/ewreadiness/p/tv1
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.