Brent: Completion of the primary cycle ???
If 139.13 ended the cycle wave C the likely retracement support may fall into 57.59-60.87 where wave a to c relationship plays out together with the 38.2% retracement; or lower to 46.46-47.15 where we have the 50% mark and the wave a to c in equality.
Interestingly, the 2 red horizontal lines demonstrate the idea of it being a support /resistance tracing all the way back to year 2000.
Current retracement down may also bring forth a possibility of another bull run should 139.13 fail to be the top thereby projecting the possibility of higher levels.
Interestingly, the 2 red horizontal lines demonstrate the idea of it being a support /resistance tracing all the way back to year 2000.
Current retracement down may also bring forth a possibility of another bull run should 139.13 fail to be the top thereby projecting the possibility of higher levels.
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