SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on March 18, 2015
11:30 pm EST: Based on the monthly chart, Oil has a Cycle 2 target in the $41 to $35 range. Oil looks to be in a minor 3 of major [5]-PC-C2 wave down with a minor 3 = 1.62*minor 1 target at $41-42. Look for a minor 4 bounce to $43-44 and then minor 5=1 at $37-38 to complete the Cycle 2 low.
Oil (WTI) Monthly Chart:
This entry was posted on March 18, 2015 at 11:32 am and is filed under OIL. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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