aibek
Long

Brent Crude Oil. Updated Daily Chart

TVC:UKOIL   CFDs on Brent Crude Oil
The previous chart was invalidated as wave 3 has completed and we are now in a wave 4.
It could be over as price approaches the channel's downside but is yet to reverse.
The target for wave 5 is located within the blue blox between 74 and 80.
Comment: Updated labeling. Wave 4 dipped lower than expected but the map remains unchanged. Targets 72-75
Trade closed manually: Book profit and wait to short as it's not an impulsive upmove it is a corrective structure
Comment: New idea is at the following link
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