UKOIL - Brent Resuming Fifth wave within a Fifth wave.

FX:UKOIL   CFDs on Crude Oil (Brent)
We may be seeing the resume of a fifth wave of a fifth wave. The hint is the structure (blue arrow) serving as resistance.

For those who are not familiarized with the wave theory: a big movement (up or down) consists in five waves. For each wave is expected some behaviour accordingly, giving us an edge and possibilty to forecast within realistic scenarios.

There is no way to tell for sure when the 5th wave ends. But when it does, we would know when most of people will be confused and scared.

Happy trading!

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