SHORT PETROBAS Short

Petroleo Brasileiro S.A.- PetrobrasNYSE

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⋅ Aug 16, 2014 12:34 PM

5-3-5 ZIGZAG
WAVE C .618 FIB EXTENSION OF WAVE A
WAVE B COMPLETED A ASCENDING TRIANGLE
WAVE 2 WITHIN A 5 WAVE IMPULSE CANNOT BE A TRIANGLE FURTHER STRENGTHENING OUR CONVICTION OF A CORRECTIVE WAVE PATTERN.