WTI could be in wave (C), which undfolds now within an ending diagonal. It already reached the 1.414 of wave (A). The wave 5 should complete it. Then the drop is expected, which first should break below trendline support. The final confirmation is below wave 4 of (C) under 13.19
The structure of the drop will show whether it will be a retest of the low or the joint correction.
Comment
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the map has changed Y already 61.8% of W RSI shows highly overbought reading
Order cancelled
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The structure changed as initial bullish idea for ukoil played out well