IF - this wave count is correct and we are currently in (iv) & IF wave (iv) is at the 0.382/0.618 level of the whole wave (as it is in wave iv of ( iii
) and in wave iv of iii
) & it continues to drop in a wave (v) then the end should be at approx. .. ooh, I've reset wave (iv) a bit higher - 74.67 - just a tad below the Oct
. 2011 low @ 74.94 - (the other alt count is it's an a-b-c & it's done - Brent is already low enough in the equivalent wave structure, though I'm not really seeing a low in the WTI weekly RSI
yet. (74.67 would be 1.9 x wave (i) - seems a bit long but ≈ $75 seems really quite realistic & feasible)
NB. Currently trying to equate this overall chart with the EURUSD
... making me think is this wave?? Hmm. Or what situation could send the EUR very low & oil
very high. Hmm.