Update #OIL #WTI #OOTT
I do not have a good explanation of what has happened in crude and have to fall back to the previously outlined expanding diagonal scenario. This is weak, however, because it is supposed to be rare.
If it proves to be the case the price will take off with acceleration and the move up will be a 3 wave move like illustrated.
If it proves to be the case the price will take off with acceleration and the move up will be a 3 wave move like illustrated.
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📏 Chartopedia, with examples of applying ElliottWave to real world charts
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