{lang: 'en-US'} Crude Oil H1 Update ~ ElliottFxTrader Blog

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Thursday, 7 June 2012

Crude Oil H1 Update

This wave 4 correction seem to be more time consuming complex price action.

Right now we might have two possible outcomes:

1. Wave 4 is just finished as ZigZag, which is alternation of wave 2 that was Flat ABC. Wave 5 was expanding ending diagonal that topped @ 86.20. Right now we might be forming wave 1 as leading diagonal. Break bove wave 4 hight would void the view.
2.  Wave 4 have not finished yet and we are forming another abc leg for wave XX to form double ZigZag eventually. Break of 83.27 would void the view.


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