IF - this wave count is correct and we are currently in (iv) & IF wave (iv) is at the 0.382/0.618 level of the whole wave (as it is in wave iv of (iii) and in wave iv of iii) & it continues to drop in a wave (v) then the end should be at approx. .. ooh, I've reset wave (iv) a bit higher - 74.67 - just a tad below the Oct. 2011 low @ 74.94 - (the other alt count is it's an a-b-c & it's done - Brent is already low enough in the equivalent wave structure, though I'm not really seeing a low in the WTI weekly RSI yet. (74.67 would be 1.9 x wave (i) - seems a bit long but ≈ $75 seems really quite realistic & feasible)
NB. Currently trying to equate this overall chart with the EURUSD ... making me think is this wave?? Hmm. Or what situation could send the EUR very low & oil very high. Hmm.
NB. Currently trying to equate this overall chart with the EURUSD ... making me think is this wave?? Hmm. Or what situation could send the EUR very low & oil very high. Hmm.