The price having retraced so much leaves me with two options -
1) wave C of (X) ended on April 12 and we are in the trend down.
2) there cannot be a rising wedge / diagonal. What we saw are just first two waves of a larger C which has a potential to reach $95 and is likely to stretch until end of June
1) wave C of (X) ended on April 12 and we are in the trend down.
2) there cannot be a rising wedge / diagonal. What we saw are just first two waves of a larger C which has a potential to reach $95 and is likely to stretch until end of June
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts