Tuesday, February 8, 2011

Brent

 From an Elliott perspective about as done as it gets.
Active Mo Weekly
click to enlarge
A very interesting repetition of patterns; the "c" and "C" are both .62 of respective "a" and "A" waves.
And using the spot month high of 147 and a 33.50 low; the whole structure up has retraced .618 at recent 103.46 highs. 
Targets on the down side for the C wave down of larger degree, from 103.46
C=  .50 of A @ 48.50
C = . 618 of A @ 33.50
C =  .78 of A @ 14.95
In percent terms;
C=.618 of A @  53.80
C= A @ 22.76


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