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U.S. DOLLAR / BRENT CRUDE OIL
Updated

Brent Crude Correction Gets Complicated range 43.40-36.99

162
The current move up is not an impulse as its 1-2-3 maybe (A) of yellow ((X)).
Then the correction gets more complex and we will get stuck in the 43.40-36.99 range.
Note
Updated map at the following link
Brent Crude Updated Map - More Down 32.90/29.70
Note
back to this idea as oil didn't drop and shaped the triangular consolidation
it means more up
snapshot
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Update
It could be ABC in wave (4) and C is an ending diagonal.
Break above 41.02 will confirm reversal to the upside.
snapshot
Note
Triangle could still appear with another drop and only then reversal to the upside
snapshot
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Update
It goes as planned, wave 4 down and then the last push up are pending to complete wave ((X)).
snapshot
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Updated in new post
Brent Crude Could Have Started Another Drop to 36.99
aibek
BCOUSDbrentBRN1!Crude Oil Futures WTI (CL1!)crudeOilCrude Oil BrentCrude OilCrude Oil WTIWave Analysis

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BCOUSDbrentBRN1!Crude Oil Futures WTI (CL1!)crudeOilCrude Oil BrentCrude OilCrude Oil WTIWave Analysis
aibek

Related publications

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.