🛢️Brent oil - correction lasting several years? 🕰️

● CFDs on Brent Crude Oil ( UKOIL ): 🕐1M

"Fig. 1"

The development of the ending diagonal is expected within the wave (V) of ((III)).

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● BCOUSD (OANDA): 🕐2D

"Fig. 2"

From the end of wave II, there is a five-wave structure — an impulse that could be wave Ⓐ. If this assumption is correct, then the current decline is part of the correction Ⓑ, which can take the form of any corrective pattern and last for several years.

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BCOUSD (OANDA): 🕐4h

"Fig. 3"

"Fig. 4"

Once again, I repeat that at this stage in the development of the correction it is not possible to predict its final shape and duration, but I am betting on a triangle, on a model that has a high predictive value and is appears , according to my experience, in wave B of the zigzag most often.

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