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Crude OIL : Bullish Reversal Ahead

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 26, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    That was a very nice and strong reversal on oil prices last week after a very long time. Bounce was strong and looks promising for bullish price action ahead as it unfolded as an impulse. It can either be wave 1) or A), but in both cases it means that more gains are likely coming as we expect minimum three waves of recovery away from 27.56. From an Elliott Wave perspective we even see an ending diagonal that can be completed; it's a powerful reversal pattern that can send price much higher in

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