AlexVisi

Brent is temporarily going down

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
Short Brent to 52.
It seems that Brent is writing sub-wave v of wave C till the shown point at 52 (0.382 of Fibo retracement).
But it is still possible to turn up from 56 (0.618 of Fibo) because of trend line (red dashed line) - watch carefully ;) But in that case wave C is too short in theory...
I would take short position after crossing red dashed trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.