Emerging Channel Up pattern in its final wave was identified on the Brent Crude 1 hour chart. After a strong bearish run, we find Brent Crude heading towards the upper triangle line with a possible resistance at 74.4882. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Brent Crude formed a Channel Up on the 1 hour chart. Retest of support in sight.
