Crude looks to be heading down as an Impulse (Elliott Wave Analysis)
|Crude :Unlike the previously mentioned scenarios where a pullback was expected, it seems Crude is heading straight down to complete the Impulse.
Crude H4
Since the move down in a nested 1-2-i-ii formation and has already achieved the minimum target level for the Wave C).
Crude 1H
Strategy : Look for shorting opportunities on Intraday level till T2 level and possibly even lower. Once we see a clear completion of the Impulse we can look for long trading opportunities.
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