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Technical Analysis
Elliot Wave Analysis by SolidECN Experts
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[QUOTE="SOLIDECN, post: 210709, member: 80239"] [JUSTIFY][B]Crude Oil - The probability of decline remains.[/B] On the daily chart, the formation of the first wave of the higher level 1 of (1) of C has completed, and a downward correction is observed as the second wave 2 of (1) of C, in which the wave of the lower level a of 2 is developing. At the moment, the wave (i) of a has already been formed, the correctional wave (ii) of a has completed, and the third wave of the lower level (iii) of a is also developing. [B]If the assumption is correct, the price of WTI Crude Oil will fall to 82.3 – 67. The level of 105.93 is critical and stop-loss for this scenario.[/B] [img]https://i.ibb.co/WFNw7Df/oil.png[/img][/JUSTIFY] [/QUOTE]
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