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Elliott Wave Analysis: Crude Oil, BTCUSD And USDCAD

Crude oil came lower yesterday but still not into the bear market, as leg down from 63.25 can be wave C of a zigzag down from 64.21 as shown on the updated wave structure. Pay attention to 59.00 area where bounce can occur.

Crude oil, 1H

Crypto market is lower for the last 48 hours and this weakness we can label as wave c. So far there was a nice reaction down, a clear impulse so watch out for a five wave drop before market may see support; ideally, that will be at 8k-9k area, where a new bounce can occur.


USDCAD came nicely lower since yesterday; it looks like a wave c) of a three wave structure in wave four which can already be searching for support this morning. Ideally a bounce will come from around 1.2850, while pair trades above 1.2755 invalidation mark.


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