Brent
D1 - Update*
After breaking through the trend line, the price was unable to gain a foothold behind the line, which may lead to further downward movement when the lower line is broken.
For shopping, nothing changes dramatically.
Globally, the levels that the price can reach are 92.04
If a downward movement is realized, the levels can be considered at a price of 63.36
What can you expect?
Long - You can consider entering from the current levels of ~79.21 or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 75.34, if you are considering the entry from W1 and the formation of a 3-wave structure, the stop can be set at the minimum of the 1st wave at the level of 72.00
Short - When the level of 75.43 is broken, you can consider selling or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 79.33
Long
Target 81.41 - 82.78 - 85.51 - 87.98 - 92.04
Short
Target 72.36 - 70.61 - 66.79 - 63.36
D1 - Update*
After breaking through the trend line, the price was unable to gain a foothold behind the line, which may lead to further downward movement when the lower line is broken.
For shopping, nothing changes dramatically.
Globally, the levels that the price can reach are 92.04
If a downward movement is realized, the levels can be considered at a price of 63.36
What can you expect?
Long - You can consider entering from the current levels of ~79.21 or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 75.34, if you are considering the entry from W1 and the formation of a 3-wave structure, the stop can be set at the minimum of the 1st wave at the level of 72.00
Short - When the level of 75.43 is broken, you can consider selling or wait for the price to fix behind the trend line and then consider entering.
Cancel if the price breaks the minimum - 79.33
Long
Target 81.41 - 82.78 - 85.51 - 87.98 - 92.04
Short
Target 72.36 - 70.61 - 66.79 - 63.36
