Currently trading the upwards correction to 60-70. Then I am afraid we are going to see oil collapse in price..
Note
Correction to the chart: Since wave 4 can't enter wave 1's area, we might instead have now a upswing to around 60 for an extended impulsive wave 3.
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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.