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Frozenlock
Aug 7, 2013 8:53 PM

Long term EW count 

Petroleo Brasileiro S.A.- PetrobrasNYSE

Description

This is a long term Elliott Waves count in order to know where we are.

In the most recent days, the C of 1 might require a little move further down.
It's also possible possible that this C is only a A of a bigger correction.

Either way, a move up should follow shortly.
Comments
Frozenlock
Apparently this count is flawed, please disregard.
JuanAmber
Just made a higher low and fundamentally sound company. Trading against the long intermediate trend on speculative turnaround.
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