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Wednesday, 27 June 2012

Crude Oil Elliott Wave H1 & H4 Update

The triangle pattern on M30 did not work out so it is time to consider that we got the wave 5 impulse of varius degrees already on chart and now it is time to consider more bullishness comming.

 If 61%FibExp will not hold or at least blue line will not mark the wave Y top, any movement above the mentioned level looks more bullish.

So the question really is: which break out  goes first?Downside from triangle on H4 on upside impulsive on H1?


H4 here:


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