OIL POTENTIAL SHORT AT PEAK OF WAVE 5

OIL has reached weekly high of around $75 at 1.382 fibonacci projection for on wave 5. Potentially a reversal point as the developing weekly candle also looks like a Doji. Potential entry point for short. Correction ABC is expected when the price reverses.

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previous idea

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this weekly chart still holds. price at support level, which is expected to break to form correction leg A