Interesting structure of UK oil

Crude Oil (Brent)FXCM

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⋅ May 7, 2016 3:36 PM

UKoil formed a quite interesting structure —— a 33333 rising wedge. It should be a leading diagnoal which acts as wave 1. Following it will be a correction wave 2.

And remember that if wave 1 is a leading diagnoal, wave 3 is usually extended.

Good luck for everyone!

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