source avatarMatthew Dixon - Veteran Financial Trader

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THERE COULD BE TROUBLE AHEAD #OIL appears to have completed a contracted flat correction, where - Wave A moves against the main trend (initial pullback) Wave B retraces upward but fails to make a strong new high Wave C moves down again but does NOT break far below Wave A OR WXY with the same outcome. This means $OIL is likely headed to new highs with risk assets #BTC #Crypto etc moving in -ve correlation downwards!

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