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aibek
Sep 21, 2015 11:15 AM

USOIL. Triangle broken. We entered last wave up of WAVE 4  Long

Crude Oil (WTI)FXCM

Description

Last time I assumed it was ABCDE correction but it wasn't and price moved sharply higher.
I relabelled the chart accordingly.

We made sharp correction in blue wave B of larger (C) of {4} (81% retraced).
Now last blue wave C up with target of 1.618 of blue wave A at 51.22
Entry 45.36
Stop 44.22 (low of large blue B)
Target 51.22

Best of luck!
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