Oil Brent
You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward.
The nearest target is at 87.50
What can you expect now?
You can consider entering from current price levels, but reduce the risks. When opening a position, it is best to exit the position from the level of 91.50, if this scenario does not materialize. You should be careful, as this is a correctional formation.
Targets 89.15 - 88.20 - 87.50
You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward.
The nearest target is at 87.50
What can you expect now?
You can consider entering from current price levels, but reduce the risks. When opening a position, it is best to exit the position from the level of 91.50, if this scenario does not materialize. You should be careful, as this is a correctional formation.
Targets 89.15 - 88.20 - 87.50
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.
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.