Tools used:

chart indicator- Bollinger (20,2,2);
Fibonacci levels;
trendlines; &
vertical line (forecast date).

Thereafter, I draw with polyline such that the price moves like "elliot" wave movement & then remove the shapes.



















From daily (top) chart, price currently below 23.6% fib-level.

From h6 (bottom) chart, price nearing historic low.

I'm anticipating price being supported at historic low.

My expected target on 1st October for BRENT.CMD/USD @ 47.
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