Oil is in a flat correction currently (335 pattern likely). Compare with the sharp wave 2 correction, this flat correction will most probably continue to June 13th or longer. Let's see how alternation rule play!
Montly chart Elliott Wave:
Good luck for everyone!
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Updated elliott wave counts and correction wave time target until June 27th.
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The potential reverse zone is around 50.5~51.5 from harmonic pattern analysis. I will short at this zone.
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Price was rejected back from the upper border of wedge.