Crude oil can look for a low - Elliott wave analysis
|Hello traders,
Crude oil is unfolding a five-wave move lower from Dec. highs which can be labelled as a big wave 3 as part of a bigger cycle. That said, at the moment we are tracking an extended leg within a final leg 5) of three, which can be in final stages, as we seen possible black minor wave 5 in play. If that is the case, then be aware of a low, and a three-wave recovery in days to follow.
Crude oil, 4h
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