FX:UKOIL   CFDs on Crude Oil (Brent)
Supercycle...
I don't know if it's the beginning of the 5th or 3rd wave. It doesn't matter now.

The trend is now clearly visible. and the nearest target (according to the Wolf wave) is 140.

If we think from Elliot's point of view, we will surely see 140 because This value corresponds to 1.0 of the correction value of 4 or 2 (I don't know) Fibo waves.

We can assume that this is the 5th wave, then the price is close to cosmic... already at a value of 1.0 and in the case of its elongation ....
The industry will fall to zero...
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.