ONEOK Should Continue Rally In Bullish Sequence

ONEOK Inc. (OKE), engages in gathering, processing, fractionation, storage, transportation & marketing of natural gas & natural gas liquids in the United States. It operates through Natural gas gathering & processing, Natural gas liquids & Natural gas pipelines segments & Refined products & Crude. The company is based in Tulsa, Oklahoma, comes under Energy sector & trades as “OKE” ticker at NYSE.As discussed in the previous article, OKE favors upside in impulse sequence of I of (III). Short term, it favors upside in ((5)) of I, while dips remain above $76.91 low. OKE – Elliott Wave Daily View From 4.15.2024:  In weekly sequence, it placed (II) at $50.50 low in September-2022 low as correction against March-2020 low. It favors upside in I of (III) & expect at least one more high to finish it before pullback may unfold. Above (II) low, it placed ((1)) of I at $71.57 high & ((2)) at $55.91 low as zigzag correction. It placed ((3)) of I at $86.20 high. Within ((3)), it placed (1) at $68.12 high, (2) at $60.58 low as flat correction, (3) at $83.31 high, (4) at $77.80 low & finally (5) at $86.20 high. OKE – Elliott Wave Latest Daily View:  Below ((3)) high, it proposed ended ((4)) correction at $76.91 low as 3 swings pullback. Within ((4)), it placed (A) at $81.07 low, (B) at $84.02 high & (C) at $76.91 low in zigzag correction. Currently, it favors upside in ((5)), which confirms above $86.20 high & can extend towards $88.39 – $91.95 area to finish I. It favors pullback in (2) after appears ended (1) at $85.53 high & remain above $76.91 low to resume rally. We like to buy the pullback in 3, 7 or 11 swings correction at extreme areas, when reached.OKE – Elliott Wave Latest Weekly View:  More By This Author:NASDAQ Nice Reaction Higher From Blue Box AreaThe Future Of Copper And A Look Back – Trading Review QQQ Completed A Cycle Expecting To Resume The Rally