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aibek
Feb 9, 2018 6:36 AM

Brent Crude Oil. Updated Daily Chart Long

BRENT CRUDE OILTVC

Description

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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