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BRENT - Downtrend wave analysis + Correction idea.

CFDs on Brent Crude Oil (TVC:UKOIL)  
InsideMarket Updated   
TVC:UKOIL   CFDs on Brent Crude Oil
brent Crude Oil Brent Oil Elliott Wave insidemarket Weekly Charts Daily Charts 4h 240min intraday
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brent ukoil oil elliottwaves insidemarket weekly daily 4h 240min intraday
Assuming this bear impulse is the first wave of a 5-waves structure on daily/weekly. It could be at least an ABC if price does not hit the 23.6% retracement (see CHART).

Trade with care!
Comment:
STRUCTURE UPDATE!

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Comment:
BREAKOUT OF STRUCTURE!
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It is "growing"! Happy trading!

Related Ideas

InsideMarket
BRENT - Possible daily Ending Diagonal for C-wave on Weekly
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