Brent Crude Oil - Possible reversal upwards
Taking a shot at a possible bottom in Brent Crude Oil.
Price is currently at support zone (grey area). I am taking a long with SL at 71, which is below support.
Basis of this trade is purely from an Elliott Wave perspective.
5 waves of two degrees are done, and I take this as a C wave.
Minimum target is 84.50, with a possibility to reach Wave B at 93.80.
Price is currently at support zone (grey area). I am taking a long with SL at 71, which is below support.
Basis of this trade is purely from an Elliott Wave perspective.
5 waves of two degrees are done, and I take this as a C wave.
Minimum target is 84.50, with a possibility to reach Wave B at 93.80.
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