Brent Crude Oil

Brent crude oil fell after touching retracement of 113. This is the first signal if the chances of this pattern will form a "cypher". but still very risky if open short positions now because candlestick still live in an uptrend. the right time to open a short position is when the price broke below the trend line. if using the current price, you can set the target price range of 49.54 to 47.80. stop loss if prices return to trend line channel.