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U.S. DOLLAR / BRENT CRUDE OIL

Brent Crude Correction Gets Complicated range 43.40-36.99

By aibek
Updated
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.
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Updated map at the following link
Brent Crude Updated Map - More Down 32.90/29.70
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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.
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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)).
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Updated in new post
Brent Crude Could Have Started Another Drop to 36.99
BCOUSDbrentBRN1!Crude Oil Futures WTI (CL1!)crudeOilCrude Oil BrentCrude OilCrude Oil WTIWave Analysis
aibek

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