🛢Brent oil: wave III target remains $150+

7 gen 2023

●● Preferred count
● UKOIL, 🕐TF: 1M

Fig.1

The three-wave movement within the framework of wave III of (V) is not completed. The minimum target is the same — to exceed the wavelength of wave II, which will lead to a rise in the price to $ 150+. The subsequent wave IV will return the price to the current levels.
______________________________
● BCOUSD, 🕐TF: 2D

Fig.2

From July 2022, a correction Ⓧ is predicted.

Upon completion of the consolidation in wave (B), a decline will follow within wave (C) in the form of an impulse. This forecast is based on the norm of the alternation of waves "A" and "C" within a zigzag.
______________________________
● BCOUSD, 🕐TF: 4h

Fig.3

Correction (B) is expected to take the form of a triangle, but other sideways correction are not excluded. The option of counting in the form of a triangle is schematically indicated by a red dotted line. Black color marks an alternative count with a completed wave (B) in the form of a running flat. With the breakdown of the top of wave B, the activation of the alternative marking will follow.

📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️