Crude Oil Elliott Wave Idea

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Update on below idea:

Crude Oil Elliott Wave Idea


Still believe oil is in a corrective pattern; either WXYXZ up to $41 area, or WXY is already completed at $40,58 and we're in wave 2 of an impulsive move down already. A break above $40,58 invalidates the wave 2 idea, a break above $41,62 invalidates the WXYXZ idea.

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