ElliotWaveTrades

BP: Consolidation Completed And Heading To New Lows ?

Short
NYSE:BP   BP p.l.c.
7
Top Count:
Triangle Minor Wave B is completed and prices will break B-D trendline to recent new lows and beyond.

Alternate Count:
An extended correction for Minute Wave e, which could bring BP -0.77% further up to complete Minor Wave B.

Both wave counts will bring BP -0.77% down to new lows.

Detailed D2 Chart:
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