A nice U Turn correction.
Brent Crude oil is about to Challenge the previous high.
1. Daily chart seems to be wave 3 now.
(M....if this is valid then wave 5 might be target at 50.)
2. Correction back test 66 hours EMA average forming a very good looking U turn format.
3. Price moving up with a healthy Transaction Volume increased.
4. The correction might be classified as Push Down To Buy (PDTB) by major players.
Let see what is the top of wave 3.
Brent Crude oil is about to Challenge the previous high.
1. Daily chart seems to be wave 3 now.
(M....if this is valid then wave 5 might be target at 50.)
2. Correction back test 66 hours EMA average forming a very good looking U turn format.
3. Price moving up with a healthy Transaction Volume increased.
4. The correction might be classified as Push Down To Buy (PDTB) by major players.
Let see what is the top of wave 3.