$XOM May Have Completed Minute 1, and May Now Retrace

My last call on $XOM was here and that certainly worked out. I believe it may now be completing an impulse wave here and I expect it to retrace. It may go as low as the orange box beneath us in three waves but should remain above the August low.

XOM


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$XOM Hyper-Bullish Wave Count Can Be Tested Here

My preferred count for $XOM is a very bullish one and needs an upside break in order to be validated.

That moment may be at hand. The price action is nosing its way out of its bullish wedge and I expect to see a break to the orange target box above us.

XOM

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Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.