Brent is temporarily going down
Short Brent to 52.
It seems that Brent is writing sub-wave v of wave C till the shown point at 52 (0.382 of Fibo retracement).
But it is still possible to turn up from 56 (0.618 of Fibo) because of trend line (red dashed line) - watch carefully ;) But in that case wave C is too short in theory...
I would take short position after crossing red dashed trend line.
It seems that Brent is writing sub-wave v of wave C till the shown point at 52 (0.382 of Fibo retracement).
But it is still possible to turn up from 56 (0.618 of Fibo) because of trend line (red dashed line) - watch carefully ;) But in that case wave C is too short in theory...
I would take short position after crossing red dashed trend line.
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