Crude Oil Elliott Wave Idea

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Couple of theories in one chart on how oil might move in the coming days.

Scenario 1 (white) - Correction is already completed at $34,58 and now in an impulsive move towards mid $40's; A break above $40,61 would look good for this theory.

A break below $37,42 could play out scenario 2...

Scenario 2 (orange) - A correction is still underway in WXY form, price could return towards $34 before a move to mid $40's

A follow on from the below ideas:
Crude Oil Elliott Wave Idea

Crude Oil Elliott Wave Idea

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