Solid News

Brent Crude Oil, Elliot Wave Analysis

2/10/2023 10:30 AM

A fall is possible.

On the daily chart, a downward correction develops as the second wave of the higher level 2, within which the wave c of 2 forms. Now, the third wave of the lower level (iii) of c has developed, a local correction has ended as the fourth wave (iv) of c, and the fifth wave (v) of c is developing. If the assumption is correct, the Brent Crude Oil will fall to the area of 72.50–62.55. In this scenario, critical stop loss level is 89.06.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023