Elliott Wave View: Exxon Mobil (XOM) Should See Further DownsideJuly 13, 2022ByEWFHendraExxon Mobil (XOM) shows incomplete bearish sequence from 6.8.2022 high looking for further downside. The decline from 6.8.2022 high is unfolding as azigzag Elliott Wave structure. Down from 6.8.2022 high, wave (A) ended at 83.52 and rally in wave (B) ended at 93.24. The stock has resumed lower and broken below wave (A) suggesting the next leg lower wave (C) has started. Down from wave (B), wave 1 ended at 81.01. Internal subdivision of wave 1 unfolded as a 5 waves impulse structure. Down from wave (B), wave ((i)) ended at 84.71 and rally in wave ((ii)) ended at 89.35. Stock resumes lower in wave ((iii)) towards 83.01, rally in wave ((iv)) ended at 85.87, and final leg lower wave ((v)) ended at 81.01 whi