Brent
W1 - The price may form a potential 3-wave structure, which, if wave 1 is broken, will mean continued upward movement to the values of 95.90
D1 - You can observe the formation of a triangular structure with a breakout of the upper trend line. Globally, the levels that the price can reach are 92.04
What can you expect?
You can consider entering from the current levels of ~79.21 or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 75.34, if you are considering the entry from W1 and the formation of a 3-wave structure, the stop can be set at the minimum of the 1st wave at 72.00
Long
Target 81.41 - 82.78 - 85.51 - 87.98 - 92.04
W1 - The price may form a potential 3-wave structure, which, if wave 1 is broken, will mean continued upward movement to the values of 95.90
D1 - You can observe the formation of a triangular structure with a breakout of the upper trend line. Globally, the levels that the price can reach are 92.04
What can you expect?
You can consider entering from the current levels of ~79.21 or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 75.34, if you are considering the entry from W1 and the formation of a 3-wave structure, the stop can be set at the minimum of the 1st wave at 72.00
Long
Target 81.41 - 82.78 - 85.51 - 87.98 - 92.04
