The UKOIL structure shows a bearish impulse consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern seem fully completed. Currently, prices are forming a flat in correction wave ④. The flat is of the intermediate degree (A)-(B)-(C) degree and at the time of writing wave (C) is under development. In the short term, we can expect prices to extend up to 39.00. At that level, minor wave 5 will be at 178.6% of minor wave 3. However, an alternative scenario indicates that the primary correction wave ④ may last longer. In this scenario, we are seeing the minute degree correction wave four taking ... (full story)