Crude Oil Brent. ( Weekly )
Potential Bounce, Oversold, but med/longer term not looking that good.
6 year consolidating Symmetrical Triangle, Apex brake_out. and 200 sma.
Elliot Wave 5 and ABC wave. potentially A=C terminating at 75.
50% retracement at levels 82.15.
1.5 year Symmetrical Triangle brake_out.
Triangle measured Target : at levels 82.
Fibonacci Time Zone 13 coincidence at E.
RSI at 15 and at 2008 Crash Levels.
Potential Bounce, Oversold, but med/longer term not looking that good.
6 year consolidating Symmetrical Triangle, Apex brake_out. and 200 sma.
Elliot Wave 5 and ABC wave. potentially A=C terminating at 75.
50% retracement at levels 82.15.
1.5 year Symmetrical Triangle brake_out.
Triangle measured Target : at levels 82.
Fibonacci Time Zone 13 coincidence at E.
RSI at 15 and at 2008 Crash Levels.