Brent Crude Oil - Going up
Price printed a running flat last week, which typically fails.
The impulse 5-wave up has now retraced for an entry.
At the minimum, we should hover for a while and see another 5-wave move up.
This appears to be a corrective trade that is counter to the main direction, so be nimble to exit at any signs of a top.
Invalid below 82.25.
The impulse 5-wave up has now retraced for an entry.
At the minimum, we should hover for a while and see another 5-wave move up.
This appears to be a corrective trade that is counter to the main direction, so be nimble to exit at any signs of a top.
Invalid below 82.25.
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.