Elliott Wave View: Oil About to End Short Term 5 Waves Impulse
Elliott Wave structure of the rally in Oil from December 23, 2020 low is unfolding as a 5 waves impulse. Up from December 23 low, wave ((i)) ended at 48.62 and dips in wave ((ii)) ended at 47.18. The commodity then continues the rally higher in wave ((iii)) with subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 50.94 and pullback in wave (ii) ended at 49.48. Wave (iii) ended at 53.26 and pullback in wave (iv) ended at 52.52. The l...
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