EWT: Will Crude Oil Reach 7000?

アップデート済
Crude oil is forming impulsive waves ((5)).

After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)).
Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A.

Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum.
Price has exceeded the sub-wave B of wave ((4)).

Sub-wave 4 of wave ((5)) is in progress.
If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+. It means the price has bullish sentiments above wave three and vice versa.
Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.
ノート
First target of 6697 has reached.
ノート
Crude oil has reached the second of 6785, and the final target of 6865.
トレード終了: 利益確定目標に到達
ALL TP DONE.
Crude OilelliottwaveprojectionElliott WaveMCXmcxchartmcxcrudemcxcrudeoilmcxcrudeoiltipsParallel ChannelTrend Analysis

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