If this idea is correct, then we shall see:
1. Oil should reach its peak within the triangle on 6/27
2. This triangle becomes the first wave (i) up and then oil should reach its corrective wave (ii) bottom during the 6/30 early off hours trading
3. Oil could stage a sharp rally on Friday 6/30 during normal trading hours
1. Oil should reach its peak within the triangle on 6/27
2. This triangle becomes the first wave (i) up and then oil should reach its corrective wave (ii) bottom during the 6/30 early off hours trading
3. Oil could stage a sharp rally on Friday 6/30 during normal trading hours
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.