Mainly an Elliott Wave blog, analysing multiple world markets.
Thursday, 7 July 2016
WTI Crude - Forming a triangle in minor degree wave 4 position?
It looks like WTI Crude may be forming a descending triangle in wave iv position. If so Crude may have one more leg up to complete wave 1/A. This count will become invalid if the price breakdown decisively below the lower line of the triangle.
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