Crude Oil Remains In A Bearish Triangle
Crude oil is recovering away from the lower triangle line, which suggests it’s in final wave E of a larger ABCDE triangle formation within higher degree wave (B) before we will see a bearish breakout for wave (C).
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Basic Bearish Elliott Wave triangle pattern shows that Crude oil can be trading in final wave E wave (B) before a continuation lower for wave (C).
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