$OXY
Added 2024-06-03 12:24:44 +0000 UTC$OXY has pulled back to the strong confluence level where the yellow wedge trend line, the 0.618 Fib and the 200 Day MA all converge on each other and so far the price action has managed to hold on this level, staying on the outside of the wedge most importantly.
This pull back has been stronger than expected but still holding well
This is a Wave 5 so waves can overlap each other (ending diagonal) but we need to see the price hold now
A hold on the outside of this wedge and we can expect the price to move higher to complete Wave 5 and make a higher high above the top green line at +$77
