Brent is in a predominant falling wedge channel.
As I have mentioned this week, channels are always stronger than breakout patterns.
So we need the price to break below or above a certain level, before the price stops meandering...
The first target is to the top of the channel at $97 then down to $88 (channel).
If the price breaks below the channel then we could see a target of $67.65
I am bearish with Brent STILL.
As I have mentioned this week, channels are always stronger than breakout patterns.
So we need the price to break below or above a certain level, before the price stops meandering...
The first target is to the top of the channel at $97 then down to $88 (channel).
If the price breaks below the channel then we could see a target of $67.65
I am bearish with Brent STILL.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
Facebook Group:
http://www.facebook.com/groups/matitrader
Website:
http://www.timonandmati.com
Discord:
https://discord.gg/c8f37kyv35
Timon Rossolimos
Founder, MATI Trader
Facebook Group:
http://www.facebook.com/groups/matitrader
Website:
http://www.timonandmati.com
Discord:
https://discord.gg/c8f37kyv35