Oil Brent - H4
Oil Brent
The ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which could lead to further growth and the 5th wave on W1
The nearest target is at 95.90
What can you expect now?
You can consider entering from current price levels, but reduce the risks. Or wait for the breakdown of the level of 88.90
When opening a position, it is best to exit the position from the level of 83.30, if this scenario does not materialize. You should be careful, since the first wave is impulsive and the correction to this wave may be stronger than it is now.
Targets 92.40 - 94.50 - 95.90 - 97.90
The ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which could lead to further growth and the 5th wave on W1
The nearest target is at 95.90
What can you expect now?
You can consider entering from current price levels, but reduce the risks. Or wait for the breakdown of the level of 88.90
When opening a position, it is best to exit the position from the level of 83.30, if this scenario does not materialize. You should be careful, since the first wave is impulsive and the correction to this wave may be stronger than it is now.
Targets 92.40 - 94.50 - 95.90 - 97.90
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