Oil Brent - H4
Oil Brent
*Updating the idea and how to act*
Long - ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which can lead to further growth and the 5th wave on W1
The nearest target is at 95.90
This scenario is best used to exit the triangular formation on H4 when the level of 87.85 is broken - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 85.09
Short - If the price does not continue to move upward, and this was a full-fledged reversal, in the continuation of the 5th wave on D1, the nearest targets will be at the level of 74.30
In this scenario, you can consider selling from the level of 85.09 - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 87.85.
What to expect now?
Waiting for the breakout of the level for Long - 87.85, local target 95.90 - 98.10
When opening a position, it is best to exit the position from the level of 85.09, if this scenario does not materialize.
Waiting for the breakout of the level for Short - 85.09, local target 77.77 - 74.30
When opening a position, it is best to exit the position from the level of 87.85, if this scenario does not materialize.
Long
Targets 90.17 - 92.49 - 94.63 - 98.10
Short
Targets 82.28 - 79.30 - 77.77 - 74.30
*Updating the idea and how to act*
Long - ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which can lead to further growth and the 5th wave on W1
The nearest target is at 95.90
This scenario is best used to exit the triangular formation on H4 when the level of 87.85 is broken - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 85.09
Short - If the price does not continue to move upward, and this was a full-fledged reversal, in the continuation of the 5th wave on D1, the nearest targets will be at the level of 74.30
In this scenario, you can consider selling from the level of 85.09 - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 87.85.
What to expect now?
Waiting for the breakout of the level for Long - 87.85, local target 95.90 - 98.10
When opening a position, it is best to exit the position from the level of 85.09, if this scenario does not materialize.
Waiting for the breakout of the level for Short - 85.09, local target 77.77 - 74.30
When opening a position, it is best to exit the position from the level of 87.85, if this scenario does not materialize.
Long
Targets 90.17 - 92.49 - 94.63 - 98.10
Short
Targets 82.28 - 79.30 - 77.77 - 74.30
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