#Oil Elliott wave pattern update
Price seems like is forming a triangle pattern which could either be a wave b or wave 4.
As a result in case of price breaish breakout of triangle we could assume we have a wave c in progress which we could take advantage of.
And in terms of upside breakout then the fifth wave of higher degree is in progress.
If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
As a result in case of price breaish breakout of triangle we could assume we have a wave c in progress which we could take advantage of.
And in terms of upside breakout then the fifth wave of higher degree is in progress.
If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
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