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Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

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M_Qman
USOIL so if we get an expanded C wave down now, which will be our 2nd Wave of the bigger elliot up, this are our pullback targets.

always remember. Wave C counts 5 waves inside.
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M_Qman
USOIL and after the corrective, there will be peace. and we will fall to 40 USD levels. wait for it
M_Qman
USOIL here comes the big picture, and why we go down now.

we had a clean elliot wave down. this is the 2 h chart. in Daily the sized allign perfectly with the candle body closed.

This strong uptrend was the the first A wave of an ABC Corrective wave. it had 5 waves. thats the elliot we were talking about in micro chart. A wave is done now.

now we get a 3 waved B. we have a Sweet Gap at 59.5 USD.

This is my target! for the B wave down now.

Look at the the projection of A wave for the C length. if you project it from the gap down, after it get filled, we will have an 1.618 expaned C wave and hit the High of the 2nd Elliot wave.

if you know elliots, this is the common Target for the corrective. the End of Wave 2. AAAAAAAnd it's right at the Gold Zone of our Fib LEvel of the overall Elliot down.

AAAAAAND City-scalper1982 you are right, we will see a Giant HSR here! because the Gap fill will lead the exactly that point! look at the yellow chanel lines!

Hope you guys feel my analysis :)
i really cleaned up my chart for you <3
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Victor_Kinyanjui
WTICOUSD SELL Price retested a major support level at (61.835 - 62.550) & formed double top bearish engulfing at the Support level turned to resistance zone.
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M_Qman
USOIL now what do we got.

look at the 2x clean X waves of the corrective. My theory was right, but CPI day manipulated for a higher X wave.

so we grab some liquidity on top, than we fall. now comes the last wave Z. Can be short, can be long, can be sideways.

X waves are the blue triangles with 5 wave counts.

also we had a trendbreak of the whole elliot wave!!! see dotted white line

but bitcoin start pumping, gold starts to find a sentiment, and oil should fall more.

i could imagine we go ack to lower 50 levels from here.

if we get another structure break down, after the corrective, we will fall.

so my prediction not wrong or over here. we just had a big london manipulation at CPIs day and it still formed a wedge as an X wave.

the 2nd X wave can rise higher than the first. if you work with elliots, you know.

cheers and happy weekend.
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