Brent Crude initial cycle was 75 bars starting from 2016 which was equal to 75 bar cycle during bull run starting 2001. Bull run starting 2001 had initial two 75 bar cycle. Given the current long term uptrend, second cycle in this uptrend will most probably be 75 bar cycle ending on 26th november and target of 72$/bbl as per fibonacci support. Also notice that each 75 bar cycle is further sub divided into 30 bar, 30bar and 15 bar cycles with arrangement differing .
Komentarz:
Book Profit at 67.40 . Close Trade. Cycle Over for 75 bars