Brent Crude ⛽️Oil⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$. Of course, the War can change my Scenario, but I don't expect Oil to break 177$.
I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone.
Brent Crude Oil Analyze (USDBRO) Timeframe Monthly (Log Scale)
🔴Resistance Zones🔴 & 🟢Support Zone🟢 that we have in front of Brent Crude ⛽️Oil⛽️.
🔴Resistance Zone🔴: 147$ until 135$
🔴Resistance Zone🔴: 178$ until 159$
🟢Support Zone🟢: 88.6$ until 83.3$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.