Brent Crude (#BRN) Analysis, Chart, and Trading Idea

#BRN
 

The trend is descending. The asset is traded in the range between 365 and 135 ЕМА. The upward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator went out the zone of the oversold state.
 

Trading idea:

Buy at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the ascending wave structure

Stop-Loss under the local minimum of the ascending structure (77.60)

Target price levels: 73.50, 71.80