Wave (iii) lower ended at 66.94 and wave (iv) rally ended at 69.39. Final wave (v) lower ended at 66.61 which completed wave ((i)). Oil then rallied in wave ((ii)) with internal subdivision of a ...
so it made sense to expect a pullback in wave iv, before the bulls can return in wave ‘v’ of i). By the time we published our October 7th analysis, the pair was already down to 1.0975.
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Minute Wave ((iv)) around 1750 remains key for bulls to stay in control. HCL TECHNOLOGIES 4H chart is highlighting the sub waves after Minor Wave 3 completed around 1695 high in February 2024.
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