Short PBR to 16.50-17.00 target Short

Petroleo Brasileiro S.A.- PetrobrasNYSE

Description

⋅ Jan 30, 2013 1:01 PM

Move down to 17 with triangle forming
Long term downtrend
Wave 4 pattern retraces to 50% of 3 and all triangle letters fall into fibo numbers
Stop at 20.70