Brent Trading Analysis (22/05/2024)

The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The entry point at the pullback B with the truncated C is forming.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss at 82.23.

Target price levels at 84.64 and 85.97.

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