Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Exxon Mobil Corp ($XOM). The rally from 7
So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:Here is the 1H Elliott Wave count from 8.08.2023. The rally from 7.17.2023 peaked at blue and started a pullback to correct it. We expected the pullback to have found a bottom after 3 swings lower at $104.84.Here is the 1H update from 8.11.2023 showing the bounce taking place as expected.
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