USBRO(USD VS Brent Crude Oil)
Notice here that the first wave correction was a Descending Triangle, followed by wave correction of Wave 3 which had a flat. This indicates wave 5 correction most likely will be zigzag. That said, we follow the basic principles of divergences between Oscialltors(RSI AND MACD LINES) as well as the Histogram. Correction C of Intermediate wave 5 should not beyond correction of wave 3 which is indicated by the green horizontal lines, Price action within that range would indicATES Bullish COntinuation. If you want to be an aggresive Buyer, take long position at $33, and place stop losses around, $32. Take profit should be a very long range and time executed effort towards $49.5. Have a glorious day
Penafian
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