In an attempt to purify the structure, I normalised oil price for price of gold aka net of real inflation. The chart revealed a beautiful falling wedge. There is no divergence against RSI to expect a strong rally right now. But previous 3-3-3 corrective structures make me think the price should swing in wave four reasonably soon.
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts