Alexius 🌊@wavevision_
Brent Oil / #Brent
📊 10 months ago, I shared an analysis calling for a prolonged decline in Brent crude, anticipating a move toward the $52–55 range following an upward triangle correction.
🔍 Since then, Brent dropped from the mid-$75s to as low as $58, continuing the structure I had outlined. While the price didn’t quite reach the $52 zone, the reversal occurred near the 0.618 trend-based Fib level—well within the expected turning area.
📈 Before the recent rally, I had mapped out the structure and noted the potential for an upward move. I also pointed out that if the decline extended, it would likely form a wave Z—followed by a bullish reversal.
✅ With Brent now back around $78, the scenario has played out largely as expected. I'll keep tracking the next developments closely.
📌 Chart updated.