CFDs on Brent Crude OilUpdated BRENT - Downtrend wave analysis + Correction idea.
Assuming this bear impulse is the first wave of a 5-waves structure on daily/weekly. It could be at least an ABC if price does not hit the 23.6% retracement (see CHART).
Trade with care!
Trade with care!
Note
STRUCTURE UPDATE!Note
BREAKOUT OF STRUCTURE!Note
It is "growing"! Happy trading!
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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.