The important thing here is that the next leg down will likely be a 3, usually the most powerful. So the 3= 1.618 of the 1 at 984, and 2.618 of 1 at 918, using the 2 as labeled above.
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A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
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