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Comprehensive Elliott Wave Technical Analysis of Crude Oil WTI: A Guide for Traders
14Mar

Comprehensive Elliott Wave Technical Analysis of Crude Oil WTI: A Guide for Traders

Ranjeet | 14 Mar, 2024 | Crude Oil WTI Analysis, Elliott Wave Forecast, Trading Strategies, Technical Analysis, Breakout Levels, Commodity Markets, Market Trends, Profitable Trading, Financial Markets, Price Prediction, Market Insights, Trading Tips, Investment Opportunities, Wave Patterns, Market Analysis | Commodities | 0 Comments |
Elliott Wave analysis indicates a bullish correction trend in Crude Oil WTI. The market is currently navigating through the (B) wave within the broader corrective pattern of blue wave Y. Zooming into the H4 timeframe reveals a double zigzag pattern, with wave y expected to extend towards the 83.2 level. Traders should anticipate potential breakout opportunities above the psychological level of 80 and prepare for pullbacks for strategic entry points targeting 83.25, with an invalidation level set...
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