ElliottwaveForecast
Oct 15, 12:49 AM
$COP — Is a Double Nest Setting Up the Next Major Energy Breakout?
ConocoPhillips continues to hold a nested bullish Elliott Wave structure from the March 2020 and April 2025 lows. The current weakness appears corrective within that larger sequence.
🎯 Key conclusion: once the correction completes, the preferred path favors a powerful continuation higher, with the larger structure targeting the
$197–
$270 area.
👀 Why it matters: double-nested setups can precede strong third-wave acceleration. The next completed pullback could become the launch point for a much larger advance.
Read the full analysis 👇
https://elliottwave-forecast.com/stock-market/cop-double-nest-from-march-2020-and-april-2025-sets-up-rally-toward-197-270/
#COP #ConocoPhillips #Energy #Oil #ElliottWave #Trading
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