Elliott Wave Analysis of Crude Oil - Neckline broken Rally to 95.03 next
In my February 23 post I showed the possible S/H/S bottom and said, that a break above the neckline would call for a rally towards 95.03. This rally is now in the cards as the neckline has been broken and the S/H/S-bottom formation now is activated.
Longer term a rally closer to 129.30 is expected, but let's take the coming rally in baby-steps and first look for the S/H/S-bottoms target near 95.03.
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