High Crude Oil prices expected up to $150-$200BRENT CRUDE OILTVC:UKOILtrader0x42The correction structure is complex and uncertain. It is likely that the first wave of the correction is a Start Diagonal, and the second wave is a Zigzag. The price on the USOIL chart fell to zero, but the Start Diagonal does not break in this case, which is why we can be highly certain that the first correction structure is a Start Diagonal. After the Start Diagonal we see an obvious impulse that achieved a 0.9 retracement by Fibonacci for the global correction structure. This indicates that the correction is expected to be complex. Even if the price drops to test the 0.618 level within the Zigzag, we could still expect the price to update the local high of $120. Feel free to ask any questions. Let me know in the comments if you'd like me to review a chart. :)