Brent crude oil is showing a contracting pattern on the daily timeframe suggesting the market is moving within a symmetrical triangle where each swing forms a sequence of corrective waves the structure indicates that wave four has likely completed near the lower boundary and a bullish wave five could soon start the price action is creating higher lows and lower highs reflecting a state of consolidation before a potential breakout the current market sentiment hints at renewed buying interest as traders expect momentum to shift upward with possible continuation toward the upper resistance line completing the larger wave structure